While some of these complaints reflect real declines in brain function in our middle years, the deficiencies of a middle-aged brain have likely been overstated by anecdotal evidence and even by some scientific studies.
The capitalized software cost may be amortized over 36 months, beginning with the month the software is placed in service. Additionally, the separately stated cost of software may also be eligible for 50% bonus first-year depreciation if acquired before 2013.
3. Determine your property's useful life for tax purposes. IRS Publication 946 classifies properties by their useful life. This section tells you that computers are considered five-year property, meaning that your computer's useful life is five years. 4. Figure out the depreciation method.