Restaurant Equipment

[CEMorford]

How do I classify restaurant equipment when listing depreciable assets? None of the categories seem to match very well. Construction equipment? 

[AnnetteB6]

If there is not a specific category that matches the asset you are depreciating, the general rule is to depreciate it over 7 years.  Choosing the General purpose tools, machinery and equipment category will do this.  That would be a better match for depreciating restaurant equipment.

[krazykitty]

Machinery and equipment is what is usually used. Depending on what the equipment is sometimes it is 5 years others 7 years. Also, you can also Section 179 new equipment purchases and take the full deduction on this year's tax return if you have a profit.