* Required. 1  Billing issue or question. Login or make a guest payment. 2  Service issue or question. Request bulk or large waste pickup. 3  Sales question or request.  Technical 1  Issues. Other type of issue or question.
Furniture and fixtures, equipment and leasehold improvements are stated at cost. Depreciation of furniture and fixtures and equipment is computed using the straight-line method over estimated useful lives that range from two to ten years. Leasehold improvements are amortized using the straight-line method over the shorter of their estimated useful lives or the term of the related leases.
The IRS lets you depreciate residential rental property over a period of 27.5 years. You can write off anything other than the land, since land is non-depreciable. For example, consider a $400,000 rental house whose value gets allocated between $75,000 of land and $325,000 of building.