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What number of years has the IRS established as the useful asset life for nonresidential income-producing property for calculating depreciation?

What number of years has the IRS established as the useful asset life for nonresidential income-producing property for calculating depreciation?<br/>

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Asked by Myrealestatetutor, Last updated: Nov 09, 2024

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myrealestatetutor

myrealestatetutor

myrealestatetutor
Myrealestatetutor

Answered Aug 29, 2019

39

The answer is 39. The IRS has established the useful asset life of 39 years for nonresidential income-producing property.
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