As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

The depreciation computation is figured based on the value of the improvements, not on the land underneath the improvements. This necessitates that you be able to determine the value of the land ...

The appraiser must then calculate the amount of depreciation the subject improvement has incurred in the second step. By adding the land value to the current replacement costs of a new building, we ...