Inside a lake house rental
See what gets built, what gets installed, and how a study classifies each asset.
Preparing your rentalThe complete model loads before the walkthrough begins.
Preparing the model and materials…
That was a hypothetical lake house rental. Yours has its own purchase price and land split.
See the first-year deduction range a study would look for on your building.
Run the 30-second check »Take a closer look
Click a fixture to identify it. Drag to orbit. Choose from the list to focus on a component.
Edit the dollar example & see the assumptions
This is an illustrative $900,000 lakefront short-term rental, not a study of any real property. Change the numbers to explore proportional allocations; a study determines actual asset costs.
See the rendered stills
Blender renders of the same model the walkthrough uses.
Alderwake Landing: every component and its recovery period
The fictional acquisition is $900,000, including $225,000 of nondepreciable land and $675,000 of depreciable basis. The tables below list every component this walkthrough builds, the recovery period it is assigned in this illustration, and its illustrative allocation.
illustrative assumption. A real study's allocation comes from the specific property's own records.
By recovery period
| Recovery period | Components | Illustrative amount | Bonus-eligible here |
|---|---|---|---|
| 5-year | 8 | $90,000 | yes |
| 7-year | 1 | $12,000 | yes |
| 15-year | 7 | $117,000 | yes |
| 39-year (building) | 13 | $456,000 | no |
| Total allocated to depreciable property | 29 | $675,000 |
Component by component
| Component | Recovery period | Illustrative amount |
|---|---|---|
| Game room equipmentThe pool table, arcade, portable lounge furniture and electronics are 5-year personal property in this example. | 5-year | $17,000 |
| Living and dining furniturePortable living and dining furniture, rugs and electronics use 5 years in this example. | 5-year | $17,000 |
| Lower bedroom furniturePortable bedroom furnishings and the laundry appliances use the 5-year schedule in this example. | 5-year | $16,000 |
| Primary bedroom furnitureThe primary suite bed, freestanding furniture, rugs and lamps are 5-year personal property in this example. | 5-year | $12,000 |
| Kitchen appliancesThe separate refrigerator, range, dishwasher and small kitchen appliances use 5 years in this example. | 5-year | $12,000 |
| Guest bedroom furnitureThe main-level guest furnishings and removable room accessories use 5 years in this example. | 5-year | $9,000 |
| Porch and deck furniturePortable porch and deck tables and seating use the 5-year schedule in this example. | 5-year | $4,000 |
| Fire-pit chairs | 5-year | $3,000 |
| Mechanical boat liftThe separately removable mechanical boat lift uses a conservative provisional 7-year equipment classification in this example. | 7-year | $12,000 |
| Covered private dockThe privately owned fixed dock, piles and integral slip cover use the 15-year land-improvement schedule in this example. | 15-year | $46,000 |
| Paved drivewayThe detached paved drive and parking area are 15-year land improvements in this example. | 15-year | $18,000 |
| Planting and path lightingInstalled planting and detached path lighting are 15-year site improvements in this example. | 15-year | $16,000 |
| Seawall and shore stepsThe detached shoreline seawall and steps are 15-year land improvements in this example. | 15-year | $14,000 |
| Garden retaining wallsDetached garden retaining walls support the site rather than the house and use 15 years in this example. | 15-year | $12,000 |
| Swim platformThe permanently moored swim platform is treated as a detached 15-year waterfront improvement in this example. | 15-year | $6,000 |
| Fire pit and pavingThe fixed fire-pit area uses 15 years while its portable chairs use 5 years in this example. | 15-year | $5,000 |
| Main-level wallsThe upper shell, clerestory windows, doors and general services remain with the 39-year building in this example. | 39-year | $160,000 |
| Walkout walls and windowsThe walkout enclosure, windows and general building services remain with the 39-year building in this example. | 39-year | $96,000 |
| Metal roofsThe permanent house and attached-porch roof assemblies remain with the 39-year building in this example. | 39-year | $35,000 |
| Lower floor and foundationThe foundation and permanent lower-floor assembly remain with the 39-year building in this example. | 39-year | $24,000 |
| Main-level flooringThe permanent main-floor assembly and wood finish remain with the 39-year building in this example. | 39-year | $23,000 |
| Two main-floor bathroomsThe two permanent bathrooms and their general plumbing remain with the 39-year building in this example. | 39-year | $23,000 |
| Kitchen cabinetsFixed kitchen cabinets, counters and the sink remain with the 39-year building in this example. | 39-year | $23,000 |
| Attached lake-view deckThe structurally attached deck remains with the 39-year building in this example. | 39-year | $16,000 |
| Screened porchThe attached screened porch is part of the 39-year building in this example. | 39-year | $14,000 |
| Lower bathroomPermanent bathroom fixtures, tile and general plumbing remain with the 39-year building in this example. | 39-year | $12,000 |
| Stairs and landingsThe permanent interior staircase and guarded landings remain with the 39-year building in this example. | 39-year | $12,000 |
| Stone fireplaceThe permanent masonry fireplace and chimney remain with the 39-year building in this example. | 39-year | $10,000 |
| Built-in game-room barPermanent bar cabinets, counters and the plumbed sink remain with the 39-year building in this example. | 39-year | $8,000 |