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Updated about 3 years ago,
Appliance depreciation in rental units
I know you are not my accountant... So speaking in general terms:
I have several appliances that are pretty old in rental properties I acquired this year (ex: a 14 year old washer and dryer). When I plug in the numbers to determine the actual cash value for depreciation purposes I get a negative number. Does this mean I cannot depreciate it because it's too old?
Thanks!
Dave