My company purchased two COWs (mobile mounted 'cell tower on wheels') to assist in network testing. In total, these are not heavy general purpose trucks, as the chassis is married to the tower and can not provide any other carriage service.
I would consider at least the tower structure itself to be personal property with no class life (7 year recovery period) as per IRS Rev.Proc 2011-22. But, do I need to separate the truck chassis under an asset class approach with 5 year recovery period? i.e., treat it similar to the concrete foundation under a fixed cell tower, which is depreciated separately.
I attempted to find any guidelines, memos or rulings related to asset class on mobile mounted equipment, with no luck.
Thank you for any thoughts on the matter
I would consider at least the tower structure itself to be personal property with no class life (7 year recovery period) as per IRS Rev.Proc 2011-22. But, do I need to separate the truck chassis under an asset class approach with 5 year recovery period? i.e., treat it similar to the concrete foundation under a fixed cell tower, which is depreciated separately.
I attempted to find any guidelines, memos or rulings related to asset class on mobile mounted equipment, with no luck.
Thank you for any thoughts on the matter