Exam (elaborations)
TAX Depreciation AIPB Questions with Complete Correct Answers | Grade A+
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what is the life of buildings according to IRC rules? Ans: Commercial buildings: over 39 years Residential buildings: over 27½ years When does depreciation of Real Property (real estate) begin? Ans: in the middle of the month it is placed in service. This is known as the Half-Month Conventio...
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