Depreciation - 10 year property
Most tangible, depreciable property placed in service after 1986 is called MACRS property. MACRS 10-year property includes vessels, barges, tugs and similar water transportation equipment, any tree or vine bearing fruit or nuts, and single purpose agricultural or horticultural structures.
Need Professional Help?
If you need help with "Depreciation" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.