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Incorrect depreciation calculation
I have put in the following in TT Business
Description: 4 store retail center
Purchase date: 01/01/2024
Cost/Basis: $1,750,000
Amount to be depreciated over 39.00 years $1,500,000
TT calculates $36,859 as year one depreciation
I get +$1,500,000/39 = $38,461.54
Why is TT calculating only $36,859?
‎January 18, 2025
8:29 AM