You place a commercial building into service on February 28th, 2012 costing $2,220,000. What is the depreciation expense allowed by the IRS for this building for tax years 2012? And 2013?© BrainMass Inc. brainmass.com March 22, 2019, 2:50 am ad1c9bdddf
For assets purchased during the year, the IRS allows for mid-month convention
IRS Publication ...
This response looks at a question requiring the computation of depreciation based on MACRS.