Replies to post #459918 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Is it possible to depreciate LAND if you purchase a building on that land, and did so prior to 1987? Once something is depreciated to 0 value it shows 0 value on a P&L does it not?

And no I am not a CPA, so you may know far better than me


https://www.irs.gov/publications/p946/ch01.html#en_US_2013_publink1000107322

[Docsavag]

Possible the land was held by WMI, so it wouldn't show under WMB...just leased? Perhaps blogs as well. K-Mart, anyone?