You are a young accountant with Olson and Associates. Your boss has provided you with a fixed asset file that needs to be depreciated for various tax clients. Below is the list of assets that you need to research. Use resources such as your textbook, the internal revenue service website, and basic online searching to determine the correct category for depreciating each item (in years). Please provide the source of your research and reasoning for the category below the item.

1. Bookshelf for an office. __________________________
2. Bouncy house for an amusement company. ____________________
3. Jet ski for a water rental company. _______________________________
4. Trees for an orange farmer. _____________________________
5. Land _______________________________________
6. Golf Simulator. ___________________________
7. Race horse. _____________________
8. Ghostbusters Firehouse. ___________________
9. Movie Theatre Projector. ______________________
10. Cattle for breeding purposes. ______________________
11. Mechanics Tools. __________________________
12. Batting cages for Thunder Road Amusement Park. ______________________
13. Roof replacement for residential rental property. ____________________
14. Batmobile. ____________________________
15. Ice Fishing House for Personal Use. _______________________