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No, you do not depreciate repairs, you expense them. If you have made improvements to the asset, the you would capitalize and depreciate those costs. But if the costs were for "repairs" then you expense them in the year you paid the expense. But since you "rebuilt" the asset, extended the live, and made it better, I would create an asset for those rebuild costs and depreciate them.
No, you do not depreciate repairs, you expense them. If you have made improvements to the asset, the you would capitalize and depreciate those costs. But if the costs were for "repairs" then you expense them in the year you paid the expense. But since you "rebuilt" the asset, extended the live, and made it better, I would create an asset for those rebuild costs and depreciate them.
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