Does this form of depreciation have to be recaptured upon eventual sale of the property?
Most landlords write off 100% of the actual cost of replacing items such as carpet, appliances, water heaters, etc. in the year the expense occurs (whether IRS allows it or not, this is how most landlords treat expenses).
How is the chattle depreciation method better than 100% write off as the expenses occur?
If you depreciate something over 5 years, then it’s replaced in the 6th year, how is the replacement expense treated? Does a new 5 years start?
