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If there were a 15-year recovery period and the recovery method was 150% of the declining...

If there were a 15-year recovery period and the recovery method was 150% of the declining balance, discuss the assets that would be affected.

depreciation
Business   Accounting   
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Answer #1

The question has been assumed to be with reference to IRS and hence MACRS depreciation related.

15 year recovery class as per Pub 961 of IRS covers the following assets :

  • Billboards
  • Service Station buildings
  • Telephone equipment
  • Land Improvements like shrubbery, fences, roads, sidewalks and bridges
  • Municipal wastewater treatment plants
  • Clearing and grading land improvements for gas utility property
  • Electric transmission property
  • Natural gas distribution lines
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