Random Q: We are installing a new air conditioner in an IP. When I give my accountant the receipt come tax time, does he depreciate the total amount (ie. parts + labour) or just the actual parts component? I ask this question because in this example, our invoice separates the two. But thinking back to another property that we installed an air conditioner in, the invoice didn't itemise and showed a total amount, which my accountant has depreciated the full amount.