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Level 1
November 2, 2023
Question

bathroom renovation depreciation life usage

  • November 2, 2023
  • 1 reply
  • 3 views

we renovated our bathroom in non profit organization for cost of $250,895.. how many years do i use for depreciation 15 ? 20 ? 39 ? 

    1 reply

    Level 15
    November 2, 2023

    Same as the underlying property. If commercial real estate, then 39 years.

     

    @Mike9241