Thank you Dave for you explanation. I can see my rental property purchased last year in foreign Country are depreciated in 30 year. However, I am a bit confused with the depreciation method it listed as following:
Years to fully depreciate:30.0 years
MACRS Convention: MM
Depreciation Method: ALT
Do you mind explaining a bit more what ALT and MM means, and is it any different from ADS?
Very much appreciate you help!
