No, the boiler was installed in 9/30/1994 and is the same boiler we still have.
It has had work/new parts added from that installation date to 11/29/1994 which are on the table as well.
We have it if we ever need it but don't really use it anymore. Its a back up in case. But the depreciation schedule I was given from CPA for 2019 shows it was depreciated over 27 years and as of 2019 the depreciation table still shows $242 is left for it. The initial cost which was $6,662. The other amts. that are on the table are smaller but each one has some amt. left on the dep. table. No zeros.
When I add these to TT, when I finish adding, TT will show that it was depreciated 30 years or if I choose other options, it will say it was depreciated over 7 years, depending on which options I pick. None show 27 years.
We have not really "stopped" using it. If our current electric water heater goes out, we have a like new oil based water heater that would use the boiler to work.
I just need to know which options to pick on the TT boxes.
