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Buying & Selling a Business

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  4. What is the number of years I will be able to depreciate the building I purchased when I bought my business ?

What is the number of years I will be able to depreciate the building I purchased when I bought my business ?

Generally buildings fall into the nonresidential real property category with a class life of more than 27.5 years which will be depreciated over 39 years.

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