Depreciable with a useful life of at least 4 years.
However, land is not Depreciable and is not Section 1250 property.
Depreciable property can include real estate(except land),
vehicles, computers and office equipment.
Depreciable property can include vehicles,
real estate(except land), computers and office equipment, machinery, and heavy equipment.
Businesses recover their Depreciable costs fastest with the 200 percent method
but can elect to use either of the other methods.
Depreciable assets: Purchases made for furniture,
equipment and machinery typically must be depreciated over the number of years they are expected to last.
Signed by President Ronald Reagan about six months after taking office,
ERTA slashed income tax rates and allowed for faster expensing of Depreciable assets.
The Depreciable basis which is said to be the purchase
price of the car is subtracted by the reduction done by the special depreciation allowance or section 179.