So far what I've found on the web suggests APUs and Inframes would be depreciated in 5 years, but that doesn't seem right considering they improve a 3-year asset? Does anyone know for sure?
APU, Inframe depreciation: 3 years or 5?
Discussion in 'Trucker Taxes and Truck Financing' started by double yellow, Apr 10, 2016.
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This suggests 5:
Dominick253 Thanks this. -
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Dominick253 Thanks this.
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Ask your accountant, sometimes a 179 is worse than a straight depreciation. He/She can explain the difference.
Dominick253 Thanks this. -
You can elect to take part as 179, depreciate the rest. Lots of flexibility. I don't recall if the deferred 179 deductions are general or just farm related, but we use that rule occasionally.
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I understand depreciating the APU, but why would you depreciate an inframe? Couldn't that just be fully written off in the current tax year it was done as maintenance?
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