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- Re: Depreciate or Expense?
Depreciate or Expense?
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Doris711
Level 2
yesterday
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Daycare client installed new hardwood flooring with a cost of $4700 in rooms use by both family and daycare kids. Because the flooring is an improvement, is depreciation the only option?
Your assistance is appreciated.
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TaxGuyBill
Level 15
yesterday
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If the total flooring that was replaced was 1/3 or less of the total flooring of the house, deduct it.
If it was more than 1/3, I would lean towards depreciating it.
