What is one outcome of conducting a depreciation schedule for a property?

Conducting a depreciation schedule for a property is significant primarily because it provides insight into tax deductibility. Depreciation is a method used to allocate the cost of a tangible asset over its useful life, and in real estate, it can be used to offset income, reducing the overall tax burden for property owners. By accurately tracking depreciation, investors can identify how much they can deduct from their taxable income each year, which ultimately improves their cash flow and investment returns.

The other options do not accurately reflect the implications of a depreciation schedule. It does not inherently increase the property’s market value, nor does it guarantee rental income stability. While effective tax planning can assist with financial stability, those outcomes are not direct results of creating a depreciation schedule. Similarly, while understanding depreciation can facilitate discussions around resale, it does not directly simplify or guarantee easier resale of the property. The primary benefit lies in its taxation implications, making the correct answer clear.