You’re still comparing different buildings. Depreciation doesn’t reflect the difference value between different buildings, it reflects the different value of one building over time.Yup. You have one building with a 10 year old elevator, one with a new elevator.
Does the older elevator have the same value? What about a 20 year old elevator?
You’re still comparing different buildings
Right now I'm comparing different elevators.
Depreciation doesn’t reflect the difference value between different buildings,
If you have 2 identical buildings, one built in 2010, one built last month, do they have the identical value or not?
Irrelevant.
Kind of the entire idea behind depreciation...…...