Hello All
I am a question about property deprication . My client is running a SPV company, who has purchased two residential properties and rented them out. One property is leasehold, the other one is on freehold. Now I am doing annual account for her. I am wondering How I shall calculate the depreciation for those two properties. Many thanks,
Caroline.
Replies (1)
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Take the expected net realisable value of each asset and deduct its historic cost. Then divide the result by the expected useful life of the asset. Glad I could help.