Depreciation - Life of Asset
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To determine the classification of property being depreciated, whether it is 3-year property, 5-year property, etc., refer to IRS Instructions for Form 4562 Depreciation and Amortization (Including Information on Listed Property). For further information, you can refer to Appendix B - Table of Class Lives and Recovery Periods on page 97 of IRS Publication 946 How to Depreciate Property.


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