L.S. Posted February 8, 2011 Report Share Posted February 8, 2011 Farmer bought ATV and says 100% use in business. 7 year or 5 year?? This could be Sec. 179, right? Quote Link to comment Share on other sites More sharing options...
Mr Joe Posted February 8, 2011 Report Share Posted February 8, 2011 It appears the ATV would fall under the category "Other" farm machinery which has a class life of 7 years. Horse trailors and vans can be depreciated over 5 years, as well as light-duty trucks. Sect. 179 depreciation is available if applicable. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 8, 2011 Report Share Posted February 8, 2011 It appears the ATV would fall under the category "Other" farm machinery which has a class life of 7 years. Horse trailors and vans can be depreciated over 5 years, as well as light-duty trucks. Sect. 179 depreciation is available if applicable. Code A-22 Farm other vehicle [listed] 5 yr 150 DB and you can use §179 Quote Link to comment Share on other sites More sharing options...
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