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Updated almost 17 years ago,
Depreciation...
How is my depreciation figured on both new and existing properties?
More specifically,...
Is "New Construction" depreciation based on gross receipts, permits,...?
How are "Existing Structures & Landscaping" depreciation numbers decided upon?
If the structures have been depreciated before i purchased them, do I get to "Re-Depreciate" after my purchase? More clearly, after they've spent their 27 1/2 years "Alive" and degrading are they then "Dead" or are they "Born-again" to degrade for another 27 1/2 years?
My apologies if this should have been in the starting out categories. Thank you all for your input.