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Dave CPA
Dave CPA, Accountant
Category: Tax
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Experience:  Vast knowledge within the accounting/tax industry
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Dave, for tax purposes for depreciation allowed by the IRS

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Dave, for tax purposes for depreciation allowed by the IRS what portion of depreciation for a S corporation (building) is allowable? I have the equipment and leased equipment figured out.



Let me research and get back to you shortly.

Customer: replied 4 years ago.
I accepted the other $47 payment and I also left your tip. I also will pay another $47 for the tax question on building.....



Thanks for the payment. On page 79 is a chart that would show the depreciation method for a building with a 31.5 year life and would allow for depreciation of 3.042% or $15,210 on the building.


If this isn't in guidance with your instructors direction, let me know. The link below has all the methods allowable by the irs.

Dave CPA and other Tax Specialists are ready to help you
Customer: replied 4 years ago.
got it thanks 40 years at 1.25 is our answer (chart solved that)