Originally posted by Planter
Anyone have the depreciation rates allowed by the IRS handy? I have a compact tractor and an aerator that I would like to put on my books and have depreciated before I show up at the tax accountant's desk (should save me some time and hopefully money to have it already on the books).
Thanks in advance,
Probably 5 years, should be 20% the first year.
As far as saving you money, your accountant will probably have to enter it in his tax software anyway, there are so many variables to depreciation you would probably be better off to ask his advice first anyway.