Good work by a student on depreciation schedules.

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Property Class
The IRS has divided every imaginable type of business property — from race horses to tugboats — into nine classes. Each class is named for its useful lifetime. Here are the nine classes and examples of the types of property they cover:
  • 3-year property– race horses, rent-to-own property
  • 5-year property– automobiles, computers
  • 7-year property– office furniture, agricultural machinery
  • 10-year property– boats, fruit trees
  • 15-year property– restaurants, gas stations
  • 20-year property– farm buildings, municipal sewers
  • 25-year property– water treatment facilities
  • Residential rental property– rental apartments or homes
  • Nonresidential real property– office buildings or stores
Reference:
Roos, Dave  (n.d.) How to use IRS Depreciation Tables Retrieved on February 9, 2019 from https://money.howstuffworks.com/personal-finance/personal-income-taxes/how-to-use-irs-depreciation-tables.htm

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