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New Member
posted Mar 15, 2025 9:34:14 PM

would replacing a broken appliance at rental property be considered repair or asset ?

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1 Replies
Expert Alumni
Mar 16, 2025 4:41:39 AM

If it was replaced completely, that would typically be a new Asset for depreciation.  If the old one is still being used but needed work to keep going, then that is a repair.