PTIN Seal

Buying & Selling a Business

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Buying & Selling a Business
  4. What is the number of years I will be able to depreciate the equipment I purchased when I bought my business ?

What is the number of years I will be able to depreciate the equipment I purchased when I bought my business ?

Generally, equipment will be depreciated over 5 or 7 years.

Need Professional Help?

If you need help with "Buying & Selling a Business" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.