I have always expensed my equipment 100% in the year of purchase but this year I plan on depreciating. I cannot find heavy equipment listed in any of the classifications listed in the instructions to form 4562 or in publication 946. I'm going to send an email to my accountant and see what they say. Also wondering what you people do?
Page 97, table B-2, Publication 946 lists construction equipment as 5 year asset.
For our small ranch, I depreciate the equipment.