When logging an improvement for my rental property, such as a bathroom remodel, should I mark it as an asset purchased new?

[lck_rules]

It feels like yes as the material is new (e.g. installing new flooring), but I would like confirmation.

[ColeenD3 · Accepted solution]

Yes, it is new. The date would be the date it was completed. It will be depreciated over 27.5 years, the same as the building.