And never mount a passenger car tire on a motorcycle rim; the flat. profile of a car tire is incompatible with the dynamics of a vehicle that. leans as it corners, and the section of the tire in contact with the rim. (the âbeadâ) is incompatible with motorcycle rims. Motorcycle Industry Council Tire Guide.
Owners of commercial real estate can reduce their tax bill by depreciating the value of their property over a set period of time (the buildings' useful life, as defined by the IRS): the IRS depreciates residential rental buildings over 27.5 years and retail and other commercial structures over 39 years.
You generally depreciate the cost of business property that has a useful life of more than a year, but gradually wears out, or loses its value due to wear and tear, weather damage, etc. To figure out the depreciation on your rental property: 1  Determine your cost or other tax basis for the property. 2  Allocate that cost to the different types of property included in your rental (such as land, buildings, so on).