BELL!! MACRS Depreciation (Don't include listed property . See instructions . ) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2018 . 17 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts , check here Section B - Assets Placed in Service During 2018 Tax Year Using the General Depreciation System ( a) Classification of property. (6 ) Month and year ( c) Basis for depreciation placed in business / investment use ( d) Recovery period ( @ ) Convention ( 7 ) Method ( 9) Depreciation deduction* service only - see instructions ) 19 2 3 - year property 6 5 - year property C 7 - year property $ 10 - year property @ 15 - year property $ 20 - year property 9 25 - year property 25 yrs . SIL h Residential rental 27.5 yrs . SIL WW property 27.5 yrs . MM SIL SIL WW i Nonresidential real 39 yrs . property MM SIL Section C - Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System 20 a Class life SIL 6 12 - year 12 yrs SIL C 30 - year 30 yrs MM SIL WW d 40 - year 40 yrs . SILV. Assets Acquired in 2017 (This section may be helpful to fill out by hand first) Wolf P. purchased the following assets, all placed in service on 01/01 /2017. Wolf P, Inc. has elected out of Bonus Depreciation. Asset Cost New Kitchen Equipment $350,000 Furniture $35,000 Computers and software $12,000 Food Truck (not luxury) $24,000 VI. Assets Acquired in 2018 (l' his section may be helpful to fill out by hand first) Wolf P. purchased the following assets, all placed in service on 6/30/2018. TRPP, Inc. has elected out of Bonus Depreciation. Asset Cost New Dishwasher $45,000 2018 Lexus. $100,000