Depreciation? Wore out early

[Michael Redmon]

I'm confused, if a depreciating asset wears out early. Carpet is depreciated over a five-year period, what happens if your tenant destroys it in year two? Do you take the rest of the value of the carpet and depreciate it in year two? Or just continue to Depreciate over five years an asset that's not even in your house anymore? I ask because I'm installing this LTV and it's a 27.5 year depreciation, what if it gets all scratched up after 15 years and I replace it? How does that work? Thank you in advance