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From: Megan Bruton
Hello,
I am new at property investment, so I need some additional information about depreciation calculations using the PIA software. We are buying our first investment property. It is a residential duplex that is 9 years old. How do we calculate the depreciation of fittings on a 9 year old property? Currently we have it on the original default rate which is tied to the current purchase price. This does not seem correct since the majority of the interior fittings are now almost 10 years old. Can anyone give me guidance in this area?
Hello,
I am new at property investment, so I need some additional information about depreciation calculations using the PIA software. We are buying our first investment property. It is a residential duplex that is 9 years old. How do we calculate the depreciation of fittings on a 9 year old property? Currently we have it on the original default rate which is tied to the current purchase price. This does not seem correct since the majority of the interior fittings are now almost 10 years old. Can anyone give me guidance in this area?
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