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Residential Depreciation Schedule
Hello all,
Basic questions for all your depreciation ninjas out there.
Suppose I have 4-plex, I have held for 4 years. Is there a deprecation method utilized where the life of the building decreases with time (i.e. Year 1 Hold - 27.5, Year 2 - 26.5, Year 3 - 25.5, etc.)?
I'm pretty sure only the same amount is deprecated every year, but would sure like it if my depreciable expense would increase as the 'life' of my asset decreased.
Thank you in advance,