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Bny taken all 3 interview on Saturday & cleared all. #1 Code pair + technical #2 Cross functional #3 Bar raiser . On Monday, HR asked me to send require documents but not scheduled any HR discussion call. I sent docs to HR. Is there any HR discussion call happening in BNY ? How much time BNY takes to release offer post document submission/HR discussion ? BNY Mellon | Pershing Bny mellon technology BNY Mellon BNY
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Interesting — just looking at this now! Never heard of it before. Thanks!
It is most likely unclassified 7 year life. https://boxmanstudios.com/blog/modular-construction/a-business-case-for-shipping-containers-in-land-development/
First - sounds like an excellent opportunity to pitch a cost segregation study if you haven’t.
Like you said, it won’t be leasehold improvements as the containers are owned by the lessee. Probably can’t manage to qualify for weird mobile home-esque real property discussion either since TP doesn’t own the land and likely hasn’t permanently affixed the structures.
The containers themselves will likely fall under either 7 year personal property with no class life or 00.27 for trailer mounted containers (5 years). Definitely doesn’t fall under 44.0 because of Rev Rul 80-127.
I doubt you’d be able to utilize any QIP provisions since it’s improvements on non-real property. Probably have to take the improvements and equipment on an item by item basis. IRS study I linked here is a decent overview.
https://www.irs.gov/businesses/cost-segregation-guide-chapter-72-industry-specific-guidance-restaurants
Interesting
How permanent are they? Can a truck just come and pick up the containers or is it connected to a permanent foundation?
They can pick it up and move it whenever they want, which leads me to think...7 year property
I was thinking 57.0 property personally.