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Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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What is depreciable life repaving on a commercial property?

Customer Question

What is depreciable life for driveway repaving on a commercial property?
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Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
already gave credit card info. Ready to quit this entire exercise.
Expert:  Lev replied 1 year ago.

Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges) are depreciated over 15 years - Recovery Period under GDS (MACRS).
See page 100 in IRS publication 946

That woudl be Asset Class = 00.3 - Land Improvements.


Expert:  Lev replied 1 year ago.

As stated above land improvements are depreciable, and the recovery period under the general depreciation system assigns a 15-year.

However while that is less-common - you may choose to use an alternative depreciation system, and under that system - you will depreciate land improvements over a 20-year period, instead.

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