What is the correct asset life for a recreational boat that brings in rental income?

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I'm having trouble with the depreciation for a sport boat that rents out. The questions guided me to 5 years. Schedule C check indicates its wrong. What is a proper life? I calculate that the resale value will go to nearly 0 in 10 years, but the Lifetime as a rental may only be 5 - 7 years. What will the IRS accept?

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Boats are an asset not a vehicle depreciated 7 Years.[ Fishing boats, used in one's fishing trade or business is generally depreciated over 7 years.]