Depreciation: Straight-Line Rates, Land, Part-Year Assets & a Five-Year Schedule
This lesson is part of the course
In this lesson
You depreciate the building, the new kitchen, the cabin furnishings and the loft design fees at fictional straight-line rates, leave the land out, pro-rate assets bought during the year and build a five-year schedule.
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Lessons in this course
- The Rent Ledger: Rent Received, Deposits vs Income & the Vacancy Rate Locked
- Classifying Expenses: Allowable Costs, Repairs vs Improvements & Private Costs Locked
- Mixed Use: Own-Use Days, Apportionment Ratios & Shared Costs by Floor Area Locked
- Depreciation: Straight-Line Rates, Land, Part-Year Assets & a Five-Year Schedule Locked
- Loan Interest: Interest per Quarter, Annual Interest & a Fictional Interest Cap Locked
- Profit, Loss & Carry-Forward: A Multi-Year Table with a Fictional Loss-Use Cap Locked
- Tax Due: Fictional Brackets, Rental Profit on Top of Other Income & the Effective Rate Locked
- Selling the Property: Adjusted Cost, Gain, Depreciation Recapture & the Landlord Dashboard Locked