What is asset class for outdoor lighting for commercial rental property?

[IreneS]

The outdoor lighting for commercial rental property would be considered a land improvement (as long as it's not part of the building structure):

• Asset class:  00.3
• Class Life:  20 years
• GDS Recovery Period (MACRS):  15 years
  
• ADS Recovery Period:  20 years
  

Additional information, including a table of class lives and recovery periods, can be found in IRS Pub. 946 - How To Depreciate Property.

[sdooley56]

Actually, the lighting is LED wallpacks attached to the exterior of the buildings but I would not consider them permanently attached.  Since they are not on separate poles, etc. I'm thinking they would not be considered land improvements?

[IreneS]

I was picturing light poles but since that's not the case I agree with you that they wouldn't be considered land improvements.  

If the cost is under $2500 you can take them as an expense using either the De Minimis Safe Harbor Election or the Improvements Election.

[sdooley56]

Unfortunately, they were about $9,200 total so I can't use the election but I'm wondering if I can use the equipment, tools, machinery, etc asset class and depreciate over 5 yrs?

[IreneS]

I think it's close enough!

[sdooley56]

Thanks for your time.  I appreciate it!

[IreneS]

You're very welcome!