Residential rental property (such as rental houses and apartment buildings) placed in service after 1986 is depreciated
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Question:
Residential rental property (such as rental houses and apartment buildings) placed in service after 1986 is depreciated using __________.
A straight-line method over 27.5 years.
A straight-line method over 39 years.
A 150% declining basis method over 27.5 years.
A 200% declining basis method over 39 years
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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