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Cost Recovery Methods

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Asset Residential Real Estate Asset Furniture Refrigerator Microwave Carpet Fences Initial Basis/Cost Acquisition Date Asset Life Classification $125,000 $5,000 $200 $50 $1,000 $2,000 2/1/2000 1/15/2013 6/15/2012 7/1/2013 8/2/2010 2/1/2000 27.5 year property 7 year property 3 year property 7 year property 7 year property 7 year property Depreciation rate 3.75% 14.29% 33.33% 14.29% 14.29% 14.29% Depreciation for current year 4,688 $715 $66.66 $7.15 $142.90 $286 Name: Cost Recovery Methods Description: A real estate professional is preparing a depreciation schedule to complete his tax ...
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