Depreciation estimate

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From: Lesley .


If you purchase (intend to purchase) a property which does not have a depreciation schedule, is there a rule-of-thumb calculation which can be done to determine what the depreciation would be before committing to the purchase and having to pay for the services of a QS? I understand the building can be depreciated at a rate of 2.5% (post 1985), but how is the building cost determined in the first place and what about everything else?

Lesley
 
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