Solved: The first month only gets a 1/2 month of depreciation. S...

Why is depreciation for my 175K rental purchasred on 12/6/18 only $268. Land value 18K. Should be closer to $450, right?

posted

The first month only gets a 1/2 month of depreciation. So that seems fairly close (actually, it seems a bit high for the numbers that you gave).

The first month only gets a 1/2 month of depreciation. So that seems fairly close (actually, it seems a bit high for the numbers that you gave).

Why is depreciation for my 175K rental purchasred on 12/6/18 only $268. Land value 18K. Should be closer to $450, right?