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Updated over 9 years ago,
depreciating laminate flooring
Carpet is depreciated over 5 years and new hardwood floors are permanently affixed to the property so it should be depreciated over 27 1/2 years. What about laminate or engineered wood flooring? Looking online it is a little fuzzy what the right depreciation period is.
I suspect it is 27 1/2 years?
Any CPA's out there who can answer this question?
Thanks
Jeff