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.
To get that number, take the cost of a building(s) and divide it by the number of years of depreciation. Then take that number and divide it by 8,760 hours in a year, giving you the âDepreciation Cost per Hourâ for that building. Repeat this step for all the buildings you own.