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What is a recovery period on form 2106

1 Reply
Intuit Alumni

What is a recovery period on form 2106

 A recovery period is how long the asset can be expected to last and therefore, it's time period for depreciation.

Cars, computers and office equipment have a 5 year recovery period.

Office Furniture has a 7 year recovery period.

For other assets, please see the link below. 

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