No, the straight line method means just that. You will have the same amount of depreciation each year over the life of the asset. The amount at 100% would be the cost basis divided by 40 years in your situation.
Your property in a foreign country is depreciated over a 30-year or 40-year period, depending on when it was first placed in service for rental use. Instead of the 27.5 year for US residential properties the period is different.
- Prior to 2018, depreciation of foreign residential property was limited to 40-year period.
- 2018 and Future: New assets placed in service now get the lower 30 year period.
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