HVAC dies at 15 years old - Remaining depreciation

[Charles H.]

Hi all,

I am having difficulties to have the exact answer for my question and I need a quick answer since I need to pay a bill soon!

I purchased a townhome last month and got it rented out within a week. Of course, this week, the compressor died. Supposedly $1800 for the repair. Or I may get a new unit for $4000-ish (waiting for the quote).

The HVAC is original and is 15 years old. I read on different post that the remaining depreciation of the old system could be taken this year.

Is it true ? How is the remaining 12.5 years calculated? Will it be 12.5 x some value = deduction for this year ?

Thank you guys for the help!