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depreciation of furnace that broke and had to be replaced
The furnace at my rental property (residential) broke in 2021 after 11 years of service. Does the depreciation stop or can I depreciate the remainder of the cost of the furnace this year? It seems unfair that the depreciation stops after 11 years when it's put on a 27.5 year schedule.
‎February 23, 2022
7:59 PM