This will be a confidence-building exercise that any sharp depreciation would undermine.
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The corresponding net rental value of an apartment building is only partly exempt, by dint of depreciation deductions.
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The interest deduction that built up the 2.6 billion dollar debt and the depreciation deductions that reduced the basis in the building created rental losses.
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If we look at economic reality, a building has a life of much more than the 27.5 or 39 years currently used for depreciation.
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