Hi all,
how do you folks determine the depreciation estimate when figuring out the numbers for a deal?
Thanks ahead of time for any ideas on this.
To give more info, I'm thinking that I need the "year built" of the house and then perhaps I divide that into a certain number of years?
And then figure in a value, but not sure what value to use. The purchase price or the tax value?
I'm trying to get to an annual depreciation estimate, any thoughts?
Hi all, no ideas yet, not sure if any one is seeing this.
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To give more info, I'm thinking that I need the "year built" of the house and then perhaps I divide that into a certain number of years?
And then figure in a value, but not sure what value to use. The purchase price or the tax value?
I'm trying to get to an annual depreciation estimate, any thoughts?
Hi all, no ideas yet, not sure if any one is seeing this.