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.
The first is to value the property as though it were complete as of the effective date of the report, which would be contemporaneous with the date of the report itself. In this instance, the appraiser. would be faced with just one major assumption: that the building was complete. Otherwise, the.