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Updated about 3 years ago,

User Stats

12
Posts
4
Votes
Jacob Wiltshire
  • Rental Property Investor
  • Bloomington, IL
4
Votes |
12
Posts

Can I depreciate assets which came with the property I purchased?

Jacob Wiltshire
  • Rental Property Investor
  • Bloomington, IL
Posted

I just purchased some real estate for $390K. Within that real estate I have a number of assets. Can they be depreciated?

Example:

January 2021 fridge

January 2020 AC Unit

2016 washer and dryer

Furnace, etc.

If I can depreciate them do I try and find the value of when they were purchased or assign them reasonable value?

Thanks

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