L.S. Posted February 15, 2008 Report Posted February 15, 2008 How many years would you depreciate geo system purchased for a residential rental house for $7400? 27.5 years?? Quote
Cathy Posted February 15, 2008 Report Posted February 15, 2008 How many years would you depreciate geo system purchased for a residential rental house for $7400? 27.5 years?? Yep...from Quickfinders: "Includes all components of a central heating, ventilating and air conditioning system not specifically identified elsewhere. HVAC systems that are installed not only to meet the temperture and humidity requirements of machinery, but are also installed for additional significant purposes, such as customer comfort and ventilation, are building components." Thus, 27.5 years for residential property. (Window a/c's are 5.) Quote
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