Noun. 1. specific heat-the heat required to raise the temperature of one gram of a substance one degree centigrade. heat, heat energy-a form of energy that is transferred by a difference in temperature. 1  Facebook.
You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. You stop depreciating property either when you have fully recovered your cost or other basis or when you retire it from service, whichever happens first.
According to Stine, they may begin depreciating a building even before it is open for business, as long as it is substantially complete and available for the purpose for which it was constructed. In determining when a building is placed in service, courts may consider evidence such as certificates of completion and occupancy.