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Depreciation Period

The useful life span of a property, used when calculating its depreciation tax deduction.

Cindy Bellford avatar
Written by Cindy Bellford
Updated over a year ago

What Is It?

The so-called "useful" life span of a property, used when calculating its depreciation tax deduction.

For example, in the United States, the useful life span of most residential properties is typically 27.5 years, while the useful life span of most commercial properties is typically 39 years.

If you do not reside in the US, check your local tax laws for the applicable depreciation deduction rules.

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