Furnace

I replaced the furnace in my office building. Is this considered a repair expense, or is it a depreciable asset? I'd prefer to take it as an expense, if possible. (I own the commercial building and have my office there. This is not a home office situation.)

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2 Replies

Furnace

Replacing a furnace would be a depreciable asset. It is not a repair if you replaced it.

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Furnace

Dang. Would prefer to expense it. THanks!

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