Asset Specific
Tractor, Trailer & Heavy Equipment Depreciation Calculator
Calculate depreciation for tractors, semi-trucks, construction equipment, cranes, and agricultural machinery using IRS MACRS guidelines.
Enter Equipment Details
Heavy Equipment Depreciation — IRS Guidelines
Agricultural and construction equipment generally falls into the 7-year MACRS property class, while trucks, trailers, and cargo containers are typically 5-year property. Using accelerated depreciation maximizes tax deductions in the years when equipment experiences the most use.
| Equipment Type | MACRS Class | Typical Life | Notes |
|---|---|---|---|
| Farm Tractor | 7-Year | 7 yrs | Qualifies for Section 179 |
| Semi-Truck / Tractor | 5-Year | 5 yrs | Qualifies for Section 179 |
| Trailer / Cargo Container | 5-Year | 5 yrs | Attached to truck |
| Bulldozer / Excavator | 7-Year | 7 yrs | Construction equipment |
| Crane | 7-Year | 7 yrs | Heavy lift equipment |
| Forklift | 5-Year | 5 yrs | Warehouse equipment |
| Land Improvements | 15-Year | 15 yrs | Fences, drainage, roads |
Bonus Depreciation for Heavy Equipment
New and used heavy equipment placed in service after September 27, 2017 may qualify for 100% bonus depreciation (phasing down to 60% in 2024, 40% in 2025). This allows an immediate first-year deduction of the entire purchase price.