Depreciation On Fittings

Lets say I busy appliances for my rentals. What is the normal time in years that I would depreciate these items? Would you go for five years? I live in Wisconsin. Not sure if it is differnet in every state or not. Thanks. :-o

Comments(2)

  • mattfish1130th July, 2004

    I would ask your CPA this questions. He/She would have a better idea the state laws about depreciating items.

    Good Luck!
    [addsig]

  • heathermarie30th July, 2004

    For federal tax purposes, personal property used in a rental property, such as carpet, cabinets, appliances are depreciated over 5 years.

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