hjsmol
New Member

Restaurant Equipment and their depreciable life

I purchased refrigerators, freezers, small ovens  in November of  2014 to be installed in a restaurant I that opened in May of 2015. I also purchased furniture(tables and chairs) and fixtures(lamps) in November of 2014 which were installed in the restaurant space in November of 2014. What is the depreciable life of the equipment? What is the depreciable life of the furnitures and fixtures?