2018 UltraTax CS
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The following table specifies the appropriate life for 1120C clients' assets based on the type you enter in the PPT Type - CA field. UltraTax CS applies the appropriate life if you build a California treatment after selecting a PPT type. If you change the PPT type, you must rebuild the California treatment so UltraTax CS can apply the appropriate life.
| When the following is entered in the PPT type - CA association: | The life entered in the CA treatment will be: |
|---|---|
| A1 - Machinery & equipment | 6 |
| A2 - Office furniture & equipment | 10 |
| A3 - Other equipment | 10 |
| A4 - Tools, molds, dies, jigs | 6 |
| A5a - Personal computers | 6 |
| A5b - LAN equipment & mainframes | 6 |
| B1 - Bldgs/Leasehold imp(structure) and Tax life is equal to 31.5 or 39 or greater than 40 | 45 |
| B1 - Bldgs/Leasehold imp(structure) and Tax life is not equal to 31.5 or 39 and is less than 41 | 40 |
| B2 - Bldgs/Leasehld imp(fixtures) | 40 |
| B3 - Land improvements | 20 |
| B4 - Land and land development | Tax treatment's life |
| Farm - Animals | 10 |
| Farm - Bldgs/Lease imp (fixtures) | 40 |
| Farm - Bldgs/Lease imp (structure) | 40 |
| Farm - Fixed machinery/equipment | 10 |
| Farm - Harvesters | 10 |
| Farm - LAN equipment & mainframes | 6 |
| Farm - Land and land development | Tax treatment's life |
| Farm - Land improvements | 20 |
| Farm - Movable farm equipment | 10 |
| Farm - Office furniture/equipment | 10 |
| Farm - Other equipment | 10 |
| Farm - Personal computers | 6 |
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