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General Accounting Discussions: [Sink] How much is the life expectancy of a house?

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    • CommentAuthormia
    • CommentTimeApr 4th 2007
     
    Life is considered as part of the building but what makes me confused is what really the life expectancy of a house? Does it depends on the tax code? Thanks in advance.
    Thankful People: naveeds
    • CommentAuthorAbusamak
    • CommentTimeApr 10th 2007
     
    hello,
    for tax code the house have 50 year life
    or depriciate at 2% annually
    good luck
    • CommentAuthormia
    • CommentTimeApr 11th 2007
     
    awesome!...thank u so much!
    Thankful People: Abusamak
    • CommentAuthorDaisy
    • CommentTimeMay 31st 2007 edited
     
    As much as I know, buildings are depreciated, only land is an excpeption from the fixed assets and is not depreciated.

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