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21-01-2022
Business

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Your client Joseph has a commercial income-producing property. How long does he depreciate this property?

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haris1malik haris1malik

21-01-2022

Answer:

Except for land, the commercial property is usually depreciated over a period of 35-50 years. In the US, commercial properties are depreciated over a period of 39 years as dictated by US Tax Code.

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