Thread: Depreciation
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TomCopeland 01:36 PM 04-07-2013
Originally Posted by AnythingsPossible:
Why would something that won't technically last 39 years be depreciated over that amount of time? Seems like a long time to me. Based off of that, I will only be deducting approximately 30 dollars a year based on time/space and the number of years for an improvement that cost nearly 6,000. My math may not be quite right, but it still seems quite low.
It's true that home improvements give you very little deduction each year. If they wear out before the end of 39 years you can claim all remaining depreciation in that year.
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