what is the year MACRS property for a warehouse placed in service in 1992?

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Expert Solution

The warehouse placed in service in 1992 is a Nonresidential real property placed in service after 31st December 1986 and before 13th May 1993. So under General Depreciation system (GDS), the recovery period would be 31.5 years and Straight-line depreciation, mid-month convention must be used.

The table used for this is table A-7 which is as follows:

How to read this?

Suppose the warehouse is placed in service in January 1992 (1st month of year 1992). So, the yearly depreciation percentage for year 1 to year 32 will be as shown in the first column of the image. i.e 3.042% for year 1, 3.175% for year 2 and so on.

ekkarill92 answered 1 year ago

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