Assets that are being depreciated by your CDA Idaho business are written off over a period of years, known as the “write off period” (also known “recovery period”).
Here are the write off periods for assets most used by Idaho businesses and farmers:
3 Years: Idaho web site design. Some software.
Semitrucks (not trailers). Racehorses over two years old. All horses over twelve years old. Hogs.
5 Years: office equipment and computers.
Some electronic equipment. Most equipment used for research and experimentation. Carpeting. Movable partitions. Appliance and furniture in residential rental property. Cars, trucks (other than semi-trucks), other alternative energy property. Movable gasoline storage tanks. Farm machinery and equipment. Cattle, sheep, and goats.
7 Years: machinery.
Equipment. Tools. Furniture. Store fixtures. Small signs. Railroad track. Horses other than those listed und “3 years.”
15 Years: large Idaho outdoor signs.
Gas stations, including their mini marts (with some exceptions). Intangible property such as goodwill, trademark, trade names, franchise, customer lists, and covenants not to compete. Domain names purchased from a reseller. Patents and copyrights if acquired as part of a business you purchase (see other below). Leasehold improvements. Restraint and retail renovations.
20 Years: some farm buildings.
27 ½ years: residential rental buildings.
39 years: all buildings other than residential rental property, farm buildings, restraint and retail renovations, and some gas government.
Other: patents and copyrights are depreciated over the life granted by the government.
