Hello,
In my Rental Home for my LLC I had to replace the Furnace and the entire HVAC system (except for the A/C unit). The Total Cost including Labor was $6200. The receipt does not split the cost by labor. Can I separate the cost into Fixed Asset (For depreciation purposes) and Labor (to expense immediately) somehow? I was thinking about 3100 evenly, (although even 3100 may be a little more than the Fixed Asset is actually worth when googling what they sell at for online).
