Does the entire cost of replacing a boiler in a rental property get depreciated? The boiler cost $6200 and related labor and building modification costs were $6800.
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view2
New Member
Jun 5, 2019 10:58:59 PM
Yes total includes , labor ,asset, materials and cost of reconstruct to install.[27.5 years same as property]
With the EPA requirements for new equipment replacement a lot of reconstruct cost will be a common requirement.
1 Replies
view2
New Member
Jun 5, 2019 10:58:59 PM
Yes total includes , labor ,asset, materials and cost of reconstruct to install.[27.5 years same as property]
With the EPA requirements for new equipment replacement a lot of reconstruct cost will be a common requirement.