@ndc24075 wrote:
my company acquired software and equipment assets
Let's assume that the assets have a lifespan of 5 years,
Most likely they won't actually have a "Recovery Period" of 5 years (the actual lifespan does not matter). Off-the-shelf software is 3 years (custom made software is different), and equipment is usually 7 years (but it can depend on the specifics of the equipment and what it is used for).
As a business owner, you would really benefit from the guidance of a good, local tax professional.
