Could someone please give me the rundown on chattel values for depreciation purposes?
On a sale and purchase agreement is an item for chattel value. If this is left blank, can I get a chattel valuation done, for the rental property, soon after purchase and use this for depreciation calculation? Is this the best way to go about chattel valuation when purchasing a rental?
Thank you
Norm
On a sale and purchase agreement is an item for chattel value. If this is left blank, can I get a chattel valuation done, for the rental property, soon after purchase and use this for depreciation calculation? Is this the best way to go about chattel valuation when purchasing a rental?
Thank you
Norm
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