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. 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

Related topics

How UltraTax CS determines the appropriate method and life

California depreciation for 1120 C Corporations