[Anonymous]

Rental building 27.5 years

Nonrental building 39 years

Furnitures and fixtures 7 years

Office equipment 5 years

My question is, I noticed that for buildings, you would divide by total months and then multiply by the certain months of the year, i.e. $30,000/39 years/12 months*7.5 months.

But why is it that when you do this for furnitures and office equipment, you multiply 2 at the end but not for buildings? I.e. $11,000/7 years*2???? If this is for double declining, why not also multiply 2 for building depreciation?

[kpm]

Determined_To_Succeed –

Double declining balance (200%) is only used for tangible personal property. Straight line MACRS is used for real property.

Hope this helps.

[kpm]

Determined_To_Succeed –

Double declining balance (200%) is only used for tangible personal property. Straight line MACRS is used for real property.

Hope this helps.

[Anonymous]

Thanks. That actually clarifies a lot 🙂

[Anonymous]

Thanks. That actually clarifies a lot 🙂

[Only Reg Left]

It's not a perfect “/7*2” because the half-year convention would be used.

AUD - 68, 77
REG - 84* (Expired)
FAR - 83
BEC - 74, 74, 72, 72, 84

[Only Reg Left]

It's not a perfect “/7*2” because the half-year convention would be used.

AUD - 68, 77
REG - 84* (Expired)
FAR - 83
BEC - 74, 74, 72, 72, 84

[Author]

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