Level 15
08-19-2020
05:40 PM
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If you know the equipment isn't going to last 39 years, do you have the option to depreciate it for a lesser amount of time?
Ive got a client replacing the roof and HVAC ducting on a commercial building this year. The last time he did it was back in 2005, so the equipt lasted 15 years. (this was my ex-employers client and he set it for a 15 year depreciation back in 2005...how he knew it would only last that long, I have no clue)
Do I really have to depreciate this new equipt over 39 years when in all likelihood this will only last 15 years as well?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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