New Rules of Depreciation for Qualified Retail Property (2009-8-19)
As is the case with Qualified Leasehold Property and Qualified Restaurant Property, a newly allowable 15 year recovery period will be usable when depreciating Qualified Retail Property. This is the first time this will be so, but can only occur if the given parameters are met.
1) Effective Date of 1/1/2009
2) Not Elective, if the qualifications [...]