100% Depreciation for Investment Condo Rental

[Matt N.]

Hi there! I just spoke with a CPA and was thrown a bit off guard. He mentioned that because I own a condo for a rental property, that I could take 100% of the purchase price and depreciate it over 27.5 years. I was used to hearing some CPAs say 90% building and 10% land, or even 80%/20%, but his argument was that because I own walls in for the condo, that 100% of my value is depreciable. Is this true?