@AmeliesUncle wrote:
*IF* that were to be the case, Form 3115 could be used because they were impermissibly depreciating land and Form 3115 would reverse the land depreciation.
Thank you, @AmeliesUncle.
That exactly fits the criteria specified in the Reg in terms of changing from a depreciable asset to a nondepreciable asset (land - which would result a downward adjustment rather than a "catch-up").
