Depreciation - What the heck??!

[Cara Lonsdale]

A few questions...........

To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?

Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a property?

Does it benefit or harm a person to claim MORE TO MOST depreciation each year on a property?

It would really be helpful if someone well versed or educated in the matter could expand on how reporting depreciation really affects the property when it comes time to sell, and capital gains and other deductions against the basis are calculated.  Anyone offering a clear understanding of how it works, and what the best course of action for reporting depreciation would be appreciated!