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office building with a cost of 1 million dollars and a 40 year useful life. Under the new law (using the 175 percent accelerated depreciation) the first year’s depreciation would come to SI 16,667 compared to only $37,500 under the old law (150 percent declining was maximum). If you use straight line depreciation, your depreciation for each of the first 15 years is $66,667 under the new law compared tq.only $20,000 annually under the old.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN fe M. DAY, REALTOR, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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