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I replaced an AC unit for $4500. Can I expense the whole amount or do I need to depreciate it?

 
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1 Reply
AlanT222
Expert Alumni

I replaced an AC unit for $4500. Can I expense the whole amount or do I need to depreciate it?

If it is for your rental property, you must depreciate the cost of the AC unit.  If it is for your personal residence, it is neither depreciable or an expense.

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