The value attributed to each of the items being bought determines the depreciation deduction that the purchaser can claim: There are 5 basic types of items being purchased that are subject to depreciation: –electronic equipment (computers, copiers) and vehicles: 5 year depreciation deduction –equipment, instruments, furnishings and other capital assets: 7 year depreciation deduction –patient records: 15 year depreciation –intangible assets (covenant not to compete, goodwill): 15 years amortization/depreciation –office building: 39 years depreciation
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