Depreciation
A non-cash expense that reduces the value of an asset as a result of wear and tear, age, or obsolescence. For residential rental property the amount of time that an asset can be depreciated is 27.5 years.
A non-cash expense that reduces the value of an asset as a result of wear and tear, age, or obsolescence. For residential rental property the amount of time that an asset can be depreciated is 27.5 years.
