Depreciation of a building

Depreciation of a building is the economic, accounting or fiscal evaluation of the wear and tear or depreciation of the building.
In taxation, depreciation can only be applied to the assets of companies, i.e. their fixed assets. For real estate assets, depreciation is carried out on a straight-line basis over periods of : 20 years for warehouses (5% per year), 25 years for commercial buildings (4% per year) and 30 years for office buildings (3.33% per year). This rate is applied to the gross value of the buildings, the land is not depreciable.