Depreciable Life Of Laminate Flooring

Most other types of flooring i e.

Depreciable life of laminate flooring. Carpets are normally depreciated over 5 years this applies however only to carpets that are tacked down. 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. Most other types of flooring i e. Life expectancy of building components will vary depending on a range of environmental conditions quality of materials quality of installation design use and maintenance.

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. Tile hardwood linoleum unlike carpeting are usually more or less permanently attached when installed. Carpeting can technically be pulled up and moved whereas laminate cannot. The average lifespan for laminate flooring is between 15 and 25 years but it can vary from as short as 10 years to as long as 30 years.

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. The real question is whether or not you can treat this as a repair. Tile hardwood linoleum unlike carpeting are usually more or.