Depreciable Life Of Laminate Flooring

This needs to be considered when re working floors as these attached flooring types will have to be depreciated over the much longer 27 5 year period.

Depreciable life of laminate flooring.

An item that is still in use and functional for its intended purpose should not be depreciated beyond 90. Carpeting can technically be pulled up and moved whereas laminate cannot. You will depreciate new flooring in a rental over 27 5 years if it is permanent or 5 years if it is easily removed such as carpeting. Most other types of flooring i e.

Tile hardwood linoleum unlike carpeting are usually more or less permanently attached when installed. If the carpet is glued down perhaps in a basement then it becomes attached to the property and must be depreciated over 27 5 years. Life expectancy of building components will vary depending on a range of environmental conditions quality of materials quality of installation design use and maintenance. Most other types of flooring i e.

Laminate floors are treated as affixed to the structure unit of property uop and therefore should be depreciated over a period of 27 5 years. That s why carpeting gets the special treatment. Carpets are normally depreciated over 5 years this applies however only to carpets that are tacked down.