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The Guy Behind the Tree
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WHAT IS DEPRECIATION LIFE FOR NEW CARPETING IN A ...

Customer Question

WHAT IS DEPRECIATION LIFE FOR NEW CARPETING IN A LEASED RETAIL STORE?
Submitted: 9 years ago.
Category: Tax
Expert:  The Guy Behind the Tree replied 9 years ago.
One source suggests 5-7 years:

http://209.85.173.104/search?q=cache:8fLqMZ3riNoJ:www.costsegregationpartners.com/ftp_only/costsegregationpartners.pdf+carpeting+depreciation+life&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a

This source cites 5 years for carpeting (see under "What is Personal Property?"):

http://209.85.173.104/search?q=cache:6PGg4pGVa_IJ:hmcprop.com/pdfs/HMC_EZineArticle.pdf+carpeting+depreciation+life+IRS&hl=en&ct=clnk&cd=10&gl=us&client=firefox-a

Five years is consistent with the practices of companies I have worked with.

IRS own Publication 946 confirms 5 years:

http://www.irs.gov/publications/p946/ch04.html#d0e4247

(While this addresses specifically residential real estate, certainly carpet in a leased retail store will wear out MORE quickly, five years is a reasonable life)

Hope these thoughts help.

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