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What method and life is used to depreciate a commercial mower ($13,000) I purchased to service rental properties
Purchased a commercial mower on 6/8/18. What method and life span do I use? Total cost was $13,268.


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What method and life is used to depreciate a commercial mower ($13,000) I purchased to service rental properties
The default tax method of depreciation for equipment is MACRS.
The useful life of a mower is 7 years. This is not straight line though as MACRS front loads depreciation.
However, you can use bonus depreciation this year and expense 100% of the purchase. That's up to you and what fits your needs best.
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What method and life is used to depreciate a commercial mower ($13,000) I purchased to service rental properties
The default tax method of depreciation for equipment is MACRS.
The useful life of a mower is 7 years. This is not straight line though as MACRS front loads depreciation.
However, you can use bonus depreciation this year and expense 100% of the purchase. That's up to you and what fits your needs best.
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What method and life is used to depreciate a commercial mower ($13,000) I purchased to service rental properties
So with our $8000 zero-turn mower used for 12 rental properties, do I divide the cost by 12 and report each share per rental?
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What method and life is used to depreciate a commercial mower ($13,000) I purchased to service rental properties
You could do that and enter the mower as an Asset for depreciation under each property, using 1/12 of the cost for each entry.
You could also choose to report the mower under a single property using the full cost of the mower, assuming it is used 100% for your rental properties. Just be sure to choose a property that you expect to keep for the next 7 years so that the mower can be fully depreciated.
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