Depriciation on rental property

Subhash (PARTNER) (25 Points)

01 October 2015  

A partnership firm ABC holding a property (land and building), is willing to give on lease to a company for a period of 1 year from 1st October.

1. Will the partnership firm ABC, be able to get depriciation on the leased out premises on its WDV     value?

2.If No, At least 50 % depriciation is applicable to the partnership firm ABC, since it is leasing out from 1st Oct?

3. If yes, can it account for the entire depriciation %