For purposes of computing the depreciation deduction under Section 24349, a class life of four years shall be used for any qualified rent-to-own property as defined in Section 168(i)(14) of the Internal Revenue Code.
Cal. Rev. & Tax. Code § 24355.4
Deductions
Added by Stats. 1998, Ch. 322, Sec. 80
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.