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Form 3885 Corporation Depreciation and Amortization Form 3885 Corporation Depreciation and Amortization

Form 3885 Corporation Depreciation and Amortization Form 3885 Corporation Depreciation and Amortization

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hi my name is Jeremy Mercer I'm the CEO of matter capital I buy a Class B and C industrial Assets in the Texas and Oklahoma markets and today I'm going to talk to you about depreciation and how it works with commercial properties so depreciation is an event that you can take with your properties because they only have a certain lifespan and the IRS allows you to write off that property as it ages and loses value also on properties you can only depreciate the building you can't depreciate the land land cannot be depreciated you can't really hurt land it's always going to be there the IRS will let you take a straight line approach and a straight line approach they value a commercial property that will last 39 years so if you bought a million dollar building the building was worth 800 of the million and land was 200 you would depreciate 800 000 at 21 000 a year over a 39-year span but another thing called cost segregation and cost segregation is whe

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