TABLE 11-4 MACRS Depreciation for Real Property (real estate) Recovery Percentages for Nonresidential Real Property (month placed in service) Recovery 10 11 12 1 2 3 4 5 6 7 8 Year 1 2.461 2.247 2.033 1.819 1.605 1.391 1.17 0,963 0.749 0.535 0.321 0.107 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2. 564 2.5 64 2 564 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461 The useful life is 39 years for nonresidential real property. Depreciation is straight line using the midmonth convention. Thusa property placed in service in January would be allowed 111/2 months depreciation for recovery Year 1