What is the minimum period of time over which the owner of an apartment building can depreciate the improvements?

Question

Social Studies

Carlee

30 June, 08:03

What is the minimum period of time over which the owner of an apartment building can depreciate the improvements?

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Answers (1)

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Karson Chapman · Answer 1

27.5 Years

Explanation:

The owner of an apartment building needs to take care of any improvement which are needed in the apartment. He is addressed to take care of any water dis functionality, waste problems, cleanliness matters etc of the apartment building. The minimum period of time over which the owner of an apartment building can depreciate the improvements is over a time of 27.5 years.