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Investors & landlords
"the $1 price was because the items were completely depreciated"
See what I mean. Now the confusion begins. It was stated the hot water heater and floors were installed after the last renter moved out, and prior to the sale. At least, that's how I understand it. So there's absolutely no way those items were depreciated by a single penny since there were "never" used to produce income.
See what I mean. Now the confusion begins. It was stated the hot water heater and floors were installed after the last renter moved out, and prior to the sale. At least, that's how I understand it. So there's absolutely no way those items were depreciated by a single penny since there were "never" used to produce income.
‎June 5, 2019
4:51 PM
4,275 Views