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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16576
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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how many years is depreciation for a Boiler?

This answer was rated:

how many years is depreciation for a Boiler?

MyVirtualCPA :

Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.

Customer:

how many years is depreciation for a Boiler?

MyVirtualCPA :

A boiler is considered part of a building, and as such is depreciated using the same life as the building

MyVirtualCPA :

which is 39 years for commercial and 27.5 years for residential

Customer:

its not the part of the building its a food company how is paying rent and was buy a boiler

MyVirtualCPA :

In that case, it's a 7 year asset - typically they are part of a building though

Customer:

thank you

Megan C and 4 other Tax Specialists are ready to help you
Thanks, Josef for your positive rating. Please come back and visit MyVirtualCPA for any of your tax, finance, or social security needs. It was a pleasure working with you today.
Customer: replied 3 years ago.

i got a 1099 from amazon to my company but the income was go to a odder company how r am entering the 1099 in the company what ameson gave? because its was not a income to this coprp