$3100 compressor replacement of the central air conditioning unit of a rental property, is it capitalized and depreciated in 27.5 years, 5 years or 7 years?
The compressor was replaced in December 2016, how do I calculate the depreciation amount for the year of 2016? Thank you.
012754
1 Replies
view2
New Member
Jun 7, 2019 3:44:51 PM
Capitalized and depreciated in 27.5 years, on date placed in service.
At the "Your asset summary" page for your rental ; little grey button generally to the lower left of screen "add an asset" click it ,