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depretiation schedule for used bins and new barn, possible leasing
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Dave NWIL
Posted 5/17/2014 14:53 (#3875333 - in reply to #3875278)
Subject: RE: depretiation schedule for used bins and new barn, possible leasing


Bins are 10yr property and eligable for 179. You would take the purchase price and any purchased labor to demantle and move and add to basis. Once up in 2015, take the 179 writeoff. So there is no way a lease would accelerate the depreciation.

Tool shed (barn) is 20 year property and not eligible for 179 but may be eligable for 50% bonus depending on how the "tax extender bill" comes out.

Be very carefull on lease deals. The IRS is getting very picky on these things if not properly structued.
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