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Updated almost 10 years ago on . Most recent reply
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Cost Segregation - Component depreciation
I use the component depreciation method for my rental properties. So it may be a good idea or it may be a bad idea, but I'm comfortable with it. So this post is not for those who oppose this method.
My question is when I have an item that is not fully depreciated but becomes obsolete (broken microwave) I have done a journal entry to move the remaining depreciation of the item into a repairs expense account.
Do you feel that is the correct procedure?
Thanks.
Steve