Leo and Evelyn Trentadue - Page 11

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          the casing to a height approaching 50 feet from the surface of              
          the ground.  The final 50 feet of the well boring was filled with           
          concrete around the 12-inch PVC casing in order to seal the well,           
          and a pump was inserted into the casing.  Other than the pump,              
          which can be removed and replaced, the well has no moving parts.            
               The average life of this type of well is approximately 30              
          years, but can be longer or shorter depending on the water                  
          quality and the existence of minerals in the vicinity that can              
          plug the casing.  A well can be maintained and cleaned to stem or           
          remove the buildup of mineral deposits in the well casing.  The             
          cost of such procedures ranges from $800 to $1,500.  The cost of            
          petitioners’ new well was $11,426.  Petitioners’ old well was               
          destroyed on April 14, 1999, at a cost of $900.  The destruction            
          of the old well is accomplished by perforating the casing,                  
          filling it with a waterproof clay, and capping it.                          
          In General                                                                  
               For Federal tax purposes, petitioners classified and                   
          consistently treated the trellis components, drip irrigation                
          systems, and wells as equipment depreciable over 7 to 10 years              
          for 1999 and 2000 and for all years before and after.                       
          Petitioners’ certified public accountant, who specializes in wine           
          industry accounting and taxation, advised petitioners that he               
          believed their method for depreciation of the trellising and drip           
          irrigation systems to be correct.  As grape growers and wine                

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