Depreciation is question's topic, pls. To reroof a rental it cost $1,500 in materials, and $2,000 in labor. What should be depreciated? $1,500? $2,000? Or $3,500, pls?

[TomYoung · Accepted solution]

You are buying a "roof", not its cost components.  So its cost to you is $3,500.

Tom Young

[Chickasaw16 · Accepted solution]

Thanks, Tom. I appreciate your answer. Makes sense with your explanation.