How would one depreciate a capital improvement on a
rental property that is paid for in monthly installments, by standing order,
over a few years. Would one depreciate the improvement only after all
payments are over, or yearly by the amount
paid in that year? Which month to take for the mid-month
convention?
rental property that is paid for in monthly installments, by standing order,
over a few years. Would one depreciate the improvement only after all
payments are over, or yearly by the amount
paid in that year? Which month to take for the mid-month
convention?
