Asset Specific
Furniture & Appliance Depreciation Calculator
Calculate depreciation for office furniture, fixtures, and appliances. Most office furniture is classified as 7-year MACRS property.
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Furniture & Appliance Depreciation — IRS Rules
Office furniture and fixtures are classified as 7-year MACRS property. Appliances used in a business (refrigerators, washers, etc.) are typically 5-year property. You can use either the straight line method or the accelerated double declining balance method.
| Asset | IRS Class | Useful Life | SL Rate |
|---|---|---|---|
| Desks, Chairs, Cubicles | 7-Year | 7 yrs | 14.29% |
| Filing Cabinets, Shelving | 7-Year | 7 yrs | 14.29% |
| Conference Room Furniture | 7-Year | 7 yrs | 14.29% |
| Washers / Dryers (business) | 5-Year | 5 yrs | 20.00% |
| Refrigerators (commercial) | 5-Year | 5 yrs | 20.00% |
| Carpeting / Flooring | 7-Year | 7 yrs | 14.29% |