Commercial Property Depreciation


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Would there be any reason to depreciate a commercial building over 31.5 years if the property was purchased in 2008 or 2012? I have a new client who owns commercial buildings and the previous accountant depreciated the buildings over 31.5 years and I can not find any IRS regulations that allow for this depreciation for property put into service after May 13, 1993.
 
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kirby

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MACRS HAD a 31.5 year life for non residential real estate if placed into service before May 13.1993 - thereafter the MACRS life was 39 years. So maybe that was (somehow)the source used by the former accountant.
 
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just find it odd that CPA's would not be aware of current depreciation rules and would be using old outdated depreciation schedules
 

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