Definition of 'Listed Property'
Listed property is business property that is also used / can be used for personal use. This type of property includes: cars and other forms of transportation, property used for entertainment or recreation, computers that are not used only at work (i.e. laptops), cell phones, etc. If a listed property is used for business more than half the time, you can use an accelerated depreciation method. If not, you have to use the straight-line method