Solved
Fence for a rental property
We are in the process of installing a fence for our rental property. The estimated cost is around $20,000. I understand that I will have to depreciate the cost of the fence but my question is which part of the expense I should be depreciating vs. expensing it out. For example I paid for labor to install the fence and I paid for material. The labor was the biggest expense at around 12k whereas the material cost was 8k. Which portion of these two do I depreciate or do I depreciate the whole amount?
