Question

match the type of real property with the macrs recovery period for that type of property. instructions nondepreciable nondepreciable drop zone empty. 39 yrs. 39 yrs. drop zone empty. 27.5 yrs. 27.5 yrs. drop zone empty. 31.5 yrs. 31.5 yrs. drop zone empty. residential rental property nonresidential property placed in service after may 13, 1993 land nonresidential property placed in service after dec. 31, 1986 and before

Answer 1

Real property is an asset or property which is attached with the land and will permanently remain as it is.

The correct answers will be:

Land - non depreciable

Residential rental property = 27.5 years

nonresidential property placed in service after May 13, 1993, -31.5 years

nonresidential property placed in service after Dec. 31, 1986, and before May 13, 1993 - 39 years.

A piece of ground and everything else that is affixed to it permanently are considered real property. Real estate owners are entitled to full ownership privileges, including that of the freedom to use, own, sell, and lease their property.

Real property can be categorized as domestic, industrial, farming, manufacturing, or special purpose depending on its general use. Knowing what rights, you do and do not in the property is essential in determining whether you possess the ability to sell your house.

The complete question is here:

Match the type of real property with the MACRS recovery period for that type of property.

Non depreciable – land

39 years – nonresidential property placed in service after May 13, 1993

27.5 years – residential rental property

31.5 years – nonresidential property placed in service after Dec. 31, 1986, and before May 13, 1993

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