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Depreciating Kitchen Items In a Rental
Our daughter has renovated part of an apartment that she uses as a rental. I believe that kitchen items, like stoves, refrigerators, dish washers, etc. are not capitalized and depreciated over 27.5 years, because their useful lives are much shorter. Is there an exact number of years (5, I have read somewhere) which the IRS accepts?
‎September 23, 2024
5:23 PM