Toddsterpatriot
Diamond Member
You’re still comparing different buildings. Depreciation doesn’t reflect the difference value between different buildings, it reflects the different value of one building over time.Yup. You have one building with a 10 year old elevator, one with a new elevator.
Does the older elevator have the same value? What about a 20 year old elevator?
You’re still comparing different buildings
Right now I'm comparing different elevators.
Depreciation doesn’t reflect the difference value between different buildings,
If you have 2 identical buildings, one built in 2010, one built last month, do they have the identical value or not?
Irrelevant.
Kind of the entire idea behind depreciation...…...