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.
Â· just now. Report Abuse. You depreciate the value of the building only. For a condo you have to figure your cost on the value of your unit alone. The value of the land and the value of the common areas are not depreciated. Your tax bill is a good starting point for figuring the value of your unit.The value of the land and the value of the unit should be separately stated.'m renting out my condo. Some1 told me I can calculate the depreciation by taking the fair market value/27.5. Now let's say I purchase the condo for $300k.