A property company purchases a new office space for lease to a small business for $2,400,000 including a land value of$400,000. the property is placed in service on March 15,1999.using MACRS,what is the depreciation on this property at the end of its first year?
Math - drwls, Friday, July 10, 2009 at 6:23am
Use the tables shown at
(Broken Link Removed)
The land portion of the value does not depreciate