Depreciable Real Estate
Depreciable Real Estate means:
realty that is subject to deductions for depreciation. The term generally includes property used in a trade or business, or an investment subject to an allowance for depreciation under Section 167 of the Internal Revenue Code. Land is generally not depreciable, but land with minerals may be subject to depletion.
See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.
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