Please give the depreciable lives for 2012 tax purposes for

Please give the depreciable lives for 2012 tax purposes for these assets:

a)Automobiles
b)Business furniture
c)Computers
d)Residential real estate
e)Commercial real estate
f)Land
g)Purchased goodwill

Solution

Automobiles: 50%

Business furnitures 15%

computers 50%

Residential real estate   15%

Commercial real estate   12%

Land    50%

Purchased good will   12.5%