Skip to content
Buying & Selling Real Estate

User Stats

16
Posts
13
Votes
Steve Brown
  • Nottingham, MD
13
Votes |
16
Posts

Cost Segregation - Component depreciation

Steve Brown
  • Nottingham, MD
Posted Jul 17 2014, 10:47

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

Loading replies...