Question for the experienced CRE investors: Depreciable basis?
How have you determined to calculate your depreciable basis? Especially in the NNN space, where the value of the property is almost entirely based on the cash flow from the lease agreement, and the cash flow is dependent on the building generating income, wouldn’t it be something like 90-10 or 80-20  building to land? 

Also what other acquisition costs have you added to the depreciable basis? Legal fees are obvious. Any thing else to keep in mind?
[{"id": "ix8ist2", "text": "You cant depreciate land. Use MACRS system which means each item like roof has a different useful life. Hire a professional if the property is big enough to justify the costs.", "replies": [{"id": "ix8jux0", "text": "Yeah I\u2019m going to hire a professional and I know you can\u2019t depreciate lane, but was hoping to get some sense as to what to expect", "replies": [], "depth": 2}], "depth": 1}, {"id": "ix8m9yo", "text": "Google \"Residual Land Value Analysis\"", "replies": [], "depth": 1}, {"id": "ixatj7e", "text": "Take the purchase price from the settlement statement, add in closing costs that are not related to any financing (like loan fees or an appraisal), taxes or rent, escrows, or insurance or prepaid interest related to periods the property will be in service. This is the cost basis of the property. Sales commissions are an example of something you would add to the basis to the extent you paid for them. \n\nThen find the county assessment and find the fmv for the land and improvements, determine the % of land value to the total fmv, and multiply that number by the cost basis. That is the tax basis of the land. Capitalize the land to your depreciation as land (no depreciation,  but important when you sell). Subtract the land basis from the total cost basis and that's your depreciable basis. \n\nhttps://www.irs.gov/publications/p946 \n\nIf you want to accelerate your depreciation deductions get a cost seg study. I know a guy if you're interested.", "replies": [], "depth": 1}]