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MCARS depreciation on broken appliances that need to be replaced in the final year of depreciation.
I have been using the MCARS depreciation on a couple of Kitchen appliances since 2016. They broke last year and had to be replaced. I had one more year of depreciation to go - one in the amount of 114 and one in the amount of 75. Do I just delete these items from Assets / Depreciation section or leave them to be depreciated for the last year ?
I purchased new appliances to replace these last year.
I purchased new appliances to replace these last year.
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March 25, 2022
8:36 PM