Depreciation for Residential property in a SPV

Depreciation for Residential property in a SPV Company

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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. 

 

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By The Dullard
22nd Dec 2020 16:39

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.

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