Appropriate lives based on type entered in PPT type - CA association field

Alerts and notices

The following table specifies the appropriate life for 1120C clients' assets based on the type you enter in the PPT Type - CA field. 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 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

Related topics

How determines the appropriate method and life

California depreciation for 1120 C Corporations

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