I recently replaced the HVAC unit (condenser, coil, and furnace) in a residential rental property. Looking at the depreciation schedule, I was quite surprised to discover that this is apparently classified as
27.5 year property.Given the basically zero chance that any residential air conditioning system will last more than 10 or 15 years, how should I handle this when I inevitably have to replace the system (or a significant component) long before it's fully depreciated?