question archive In your own words, answer the following: When depreciation is deducted on a rental property, why is it beneficial for the taxpayer to allocate the cost of the property to other assets (furniture, appliances, etc
In your own words, answer the following: When depreciation is deducted on a rental property, why is it beneficial for the taxpayer to allocate the cost of the property to other assets (furniture, appliances, etc
Subject:BusinessPrice: Bought3
In your own words, answer the following: When depreciation is deducted on a rental property, why is it beneficial for the taxpayer to allocate the cost of the property to other assets (furniture, appliances, etc.) connected with the property rather than allocating the entire lump sum to the building itself?
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