Water Transportation and Vessels Depreciation Calculator
IRS MACRS depreciation calculator for vessels, barges, and water transportation equipment. 10-year recovery period.
Year 1 Deduction
$10,000
Recovery Period
10 years
Total Depreciation
$100,000
Method
DB/SL
Year
Rate
Deduction
Cumulative
1
10.00%
$10,000
$10,000
2
18.00%
$18,000
$28,000
3
14.40%
$14,400
$42,400
4
11.52%
$11,520
$53,920
5
9.22%
$9,220
$63,140
6
7.37%
$7,370
$70,510
7
6.55%
$6,550
$77,060
8
6.55%
$6,550
$83,610
9
6.56%
$6,560
$90,170
10
6.55%
$6,550
$96,720
11
3.28%
$3,280
$100,000
IRS Classification
IRS Asset Class: GDS 10-year (MACRS Asset Class 00.28)
Section 179: EligibleBonus Depreciation: Eligible
Key Tax Facts
Vessels and water transportation equipment are 10-year MACRS property
Includes tugboats, barges, and commercial watercraft
Recreational boats used for business entertainment have limited deductibility
Section 179 and bonus depreciation available
What This Covers
Tugboats and towboats
Barges
Commercial fishing vessels
Charter boats
Ferry boats
Common Questions
Vessels and water transportation equipment are 10-year MACRS property under Asset Class 00.28. Year 1 deduction is 10%, Year 2 is 18%, decreasing over the 10-year recovery period. Section 179 and bonus depreciation are available for qualifying vessels.
Tax disclaimer: This calculator provides estimates based on standard IRS MACRS rules from Publication 946. Your actual depreciation deduction may differ based on business-use percentage, the mid-quarter convention, state tax conformity, bonus depreciation phase-outs, and other factors specific to your situation. Always consult a licensed CPA or tax professional before making tax decisions.