This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: apartment buildings 39-year All nonresidential real property, including commercial and industrial buildings Half-Year Convention Under MACRS, the assumption is generally made that property is placed in service in the middle of the first year. The effect of the half-year convention is to extend the recovery period out one more year. So 3-year class life property is depreciated over four calendar year. 2 Recovery Allowance Percentage Source : Brigham & houton Property in the 27.5- and 39-year categories (real estate) must be depreciated by straight line method But 3-, 5-, 7-, and 10-year property can be depreciated either by the accelerated method using the MACRS rates or by an alternate straight line method....
View Full Document
- Spring '10