@Carl wrote:
Otherwise, if an asset just "disappears" from your return, it "could "have the potential to raise eyebrows. Now I've never seen that happen.
In this case the refrigerator (the asset) would appear nowhere on an individual income tax return after it was fully depreciated or expensed. It is not listed property nor real property so it would only appear in the taxpayer's records (or as part of a balance sheet on a business return).
