Depreciation of portable buildings

[Adri]

I have a client who has a business and in 2023 bought a portable metal building that now uses as a working shop. This one is easily movable.          

He also bought a second portable building (a little bigger) and spent over $ 30k in concrete and other materials to make it more permanent. This one can't be moved and is also used as a working shop for his business. 

What would be the correct classification when depreciating in proseries basic for each of the buildings? What about the materials bought?    thank you verhy much 

[Jim-from-Ohio · Accepted solution]

• portable building, These products qualify for a 7-year depreciation period. The reason is that these products can be fully dismantled, relocated, and reassembled
• permanent commerical building - 39 years
• materials part of the basis

[BobKamman]

I've always wondered about that.

[IRonMaN]

I guess there is a fine line between the definition of portable and poopable buildings.

[Adri]

Thank you very much for your answer. I will double check how "portable" is the portable one. Thanks