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Church Building depreciation Church Building depreciation

   Discussion: Church Building depreciation
MichaelMorin · 1 year, 5 months ago
  • Hello,
  • I just started using power church last year(2009). I set up asset of land and building separately. i also set up loan liability on the church.Do I have to depreciate the church building each year(value at $577,000). If so, would I use a SL MACRS at 25 or 27.5 years, or other. i am currently depreciating equipment, such as office and computers.
  • Please help
  • I didn't find the right solution from the internet.
  • References:
  • Custom animation studio
  • Thanks
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