Few questions about depreciation. I put a new rental unit into service late last year, as part of a concession to get the tenant to sign the lease I installed a brand new alarm system and two garage door openers. Alarm system was under $500 and garage door opener total was a little over $600. Over what period do I depreciate these two items, or are they expense items?
Also - I'm looking for a spreadsheet or a piece of software that will help me track depreciation on these types of things - any suggestions? (I use Buildium for tracking property income/expense, but it's horrible at depreciation and capital expenditures - and I don't use quickbooks or quicken).
Thanks for any input you can give!
Also - I'm looking for a spreadsheet or a piece of software that will help me track depreciation on these types of things - any suggestions? (I use Buildium for tracking property income/expense, but it's horrible at depreciation and capital expenditures - and I don't use quickbooks or quicken).
Thanks for any input you can give!