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Land Improvements

  • 1.  Land Improvements

    Bronze Most Valuable Member
    Posted 14 days ago
    One of my clients is a car dealership, and needed more space to store his cars.
    So, he had a piece of vacant land, behind the dealership,that he cleared and made it into a parking lot.
    He leveled the land and put blacktop on most of it.
    Any recommendation on how to depreciate the improvement.
    Thanks
    Kenneth j Zweibel CPA


  • 2.  RE: Land Improvements

    Posted 13 days ago
    Land improvements are depreciated under MACRS with a 15 year life.


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    Robert Lipton
    CPA
    IVES & SULTAN, LLP
    Woodbury NY
    516-496-9500
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