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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Re: deed & Lease expenses Date: 12/9/2001 1:04 AM
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I assume we will depcreciate house over 25 yrs but how to expense land?

Since you are talking about a Bed & Breakfast business and not residential real estate, I think you're looking at 39.5 years of depreciation on the building. The land is not depreciable. You will recover the cost of the land when you dispose of the lease (or the lease expires 99 years from now!).

--Peter
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