Determine when depreciation deductions come in to play. Examine the formal rules for allowing deductions for cost recovery/depreciation. Why do we have Depreciation? What is the useful life we depreciated property over, today, as to personalty and realty? What do we mean when we say cost segregation, cost allocation, accelerated depreciation and the methods of depreciating property? Determine why this Recapture concept is important. Examine approaches to avoid the adverse impact of recapture. In ONE not too long sentence, tell me what Recapture does. What is the recapture rule as to:

a. Personalty?

b. Realtly?