Hello,
I replaced the roof on my rental property about 15 years ago and didn't finish depreciated the roof yet. Unfortunately, my roof started to sag and I had to put a new roof on and fixed the sagging areas on the roof. Am I able to depreciate what is left on the old roof with the new roof?
Thank you!
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As a separate component it can be written off as having been scrapped (i.e., disposed of for $0).
As a separate component it can be written off as having been scrapped (i.e., disposed of for $0).
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