Form Fp-31 - District Of Columbia (Dc) Personal Property Tax (Page 7 of 24) in pdf

DEPRECIATION GUIDELINES

Assets (excluding qualiﬁ ed technological equipment) may not be depreciated in excess of 75% of the original cost.

Qualiﬁ ed technological equipment may not be depreciated in excess of 90% of the original cost. Each category includes,

but is not limited to, the items listed below. Examples of items for some categories are in parentheses.

(5) Hospital and nursing home furniture, fixtures and equipment

Category A: 6.67% depreciation per year ( 15 year life )

(1) Antennas, transmitting towers, fiber optic cables, shelters,

(6) Junk yard machinery and equipment

(7) Meat, fruit, and vegetable packing equipment

satellite dishes and repeaters

(8) Meters, tickometers and automatic mailer equipment

(2) Cement gravel and sand bins

(3) Pianos and organs

(9) Music boxes

(10) Non-registered motor vehicles (forklifts and golf carts)

(4) Plating equipment

(11) Pipe contractor machinery and equipment

(5) Safes

(6) Watercraft, docks, slips, wharves, piers and floating equipment

(12) Radio, television, telecommunications, microwave and satel-

lite transmitting systems (multiplexers, switches, transmitters,

(boats, ships, barges)

receivers, telephones, fiber optic equipment, terminal equip-

ment)

Category B: 10% depreciation per year ( 10 year life )

(13) Recreation, health fitness, health club, golf course and sport-

1(1) Air conditioning equipment (compressors, ducts, package

ing equipment

units and window units)

(14) Special equipment mounted on any motor vehicle (welders,

1(2) Asphalt, cement and slurry plants and equipment

compressors)

1(3) Automobile repair shop and gasoline service station equip-

(15) Trailers

ment

(16) Vending machines (cigarettes, slot, change, soft drink, food)

1(4) Automobile sales agency furniture, fixtures and equipment

1(5) Bakery equipment

1(6) Banking furniture, fixtures and equipment (automatic teller

Category D: 20% depreciation per year ( 5 year life )

(1) Blinds, drapes and shades (used as secondary window cov-

machines)

1(7) Barber shop, beauty salon and cosmetic salon furniture, fix-

ering)

(2) Brain scanners, CAT scanners, MRI scanners and dialysis

tures and equipment

equipment

1(8) Bottling equipment

1(9) Bowling alley equipment

(3) Canvas

(4) Carpets over finished floor, loose carpet and rugs

(10) Burglar alarm, security alarm and monitoring systems

(5) Coffee makers and soda fountain equipment

(11) Catering equipment

(6) Computers and related peripheral equipment (excluding

(12) Clay products manufacturing equipment

qualified technological equipment)

(13) Cold storage, ice making and refrigeration equipment

(7) Duplicating machines, photocopiers and photographic equip-

(14) Conveyors

ment

(15) Dentists and physicians office furniture and equipment

(8) Hot air balloons

(16) Department store furniture, fixtures and equipment

(9) Outdoor Christmas decorations

(17) Drug store furniture, fixtures and equipment

(10) Portable toilets

(18) Emergency power generators

(19) Fire extinguishing systems

(11) Self-service laundries (washers, dryers)

(12) Swimming pool furniture, fixtures and equipment

(20) Garbage disposals, trash compactors and trash containers

(13) Telephone answering equipment (beepers)

(21) Hotel and motel furniture, fixtures and equipment (restaurant,

bar, meeting rooms, office rooms, lobby and other public

(14) Television, stereo, radio and recorder equipment

(15) Test equipment and electronic manufacturing equipment

rooms)

(16) Wood pallets (used in warehouses)

(22) Intercom systems

(23) Kitchen equipment

(24) Laundry and dry cleaning equipment

Category E: 30% depreciation per year ( 3 1/3 year life )

(1) Qualified technological equipment

(25) Libraries

(26) Mail chutes and mail boxes

(27) Musical instruments (portable)

Category F: 50% depreciation per year ( 2 year life )

(1) Amusement arcade machines, pinball machines and video

(28) Office furniture, fixtures and equipment (any kind whether

games

modular or system furniture, desks, chairs, cabinets, shelving,

(2) Cable T.V. decoders

awnings, typewriters, calculators, adding machines, files, parti-

(3) China, glassware, pots, pans, serving dishes, utensils and

tions, carrels, cash registers, paper cutters, etc.)

silverware (in service)

(29) Paper products industry machinery and equipment

(30) Printing industry machinery and equipment

(4) Linens (in service)

(5) Microfilms, movie films and video movie tapes

(31) Pulp industry machinery and equipment

(6) Small hand tools

(32) Restaurant, carry out, supermarket and delicatessen furniture,

fixtures and equipment

(7) Tuxedos and uniforms (in service)

(33) Shoe repairing furniture, fixtures and equipment

(34) Signs (neon and others)

Category G: No depreciation — report at 100% of cost

(35) Solar panels

(1) Antiques, tapestries and oriental rugs (items appreciating in

value)

(36) Special tools (dies, jigs, gauges, molds)

(2) Chemicals

(37) Surveying and drafting equipment

(3) Cleaning, office and other supplies

(38) Theater furniture and equipment

(4) China, glassware, pots, pans, serving dishes, utensils and

(39) X-ray and diagnostic equipment

silverware (new in reserve)

(40) Wax museum (wax figures, displays, sets, barriers, rails)

(5) Linens (new in reserve)

(6) Oil paintings and sculptures (items appreciating in value)

Category C: 12.5% depreciation per year ( 8 year life )

(7) Paper products

(1) Building and lawn maintenance equipment

(8) Tuxedos and uniforms (new in reserve)

(2) Car wash equipment

(3) Construction, road paving and road maintenance equipment

(4) Fabricated metal products machinery and equipment (ma-

chine shop)

-7-

Form Fp-31 - District Of Columbia (Dc) Personal Property Tax Page 7

Related Articles

Related forms

Related Categories