“(6)(A)(iii) the depreciable period for which has not ended before the close of the taxable year”
So, fully depreciated property does not count?
But they then go on to describe what depreciable period means
“(6)(B) Depreciable period The term “depreciable period” means, with respect to qualified property of a taxpayer, the period beginning on the date the property was first placed in service by the taxpayer and ending on the later of—
(i) the date that is 10 years after such date, or
(ii) the last day of the last full year in the applicable recovery period that would apply to the property under section 168 (determined without regard to subsection (g) thereof).”
My question is with (6)(B)(ii) would that mean that ACRES Nonresidential real property get treated as 39 years and hence still be in its depreciable period even though it was fully depreciated?