Property OwnershipHARD
All of the following real estate types can be depreciated, except:
Correct Answer
A) Single family residences (SFRs).
Land cannot be depreciated; only buildings and improvements can be depreciated.
Answer Options
A
Single family residences (SFRs).B
Land used to raise crops.C
Commercial buildings.D
Single-use industrial buildings.Video Explanation3 min
Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
real-estate-taxationinvestment-property-analysiscost-recovery-methods
Key Terms:
depreciationMACRSpersonal use propertyIRC Section 168land vs. improvements
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
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