We bought an apartment in 2014, rented it out and started to depreciate appliances (fridge, dishwasher, washing machine dryer, etc)/boiler/carpet. We are planning to sell the apartment - with a profit. Those items will be included into the purchase and not sold individually/separately.
I was wondering if I could get a reply to the following questions:
1. Is depreciation recovery applicable for those items?
2. If so how will that be calculated?
3. Are people adding the depreciated values for those chattels into purchase agreements?
I was wondering if I could get a reply to the following questions:
1. Is depreciation recovery applicable for those items?
2. If so how will that be calculated?
3. Are people adding the depreciated values for those chattels into purchase agreements?
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