It depends. Restaurant signs have a useful life of 15 years, except for signs with LED's. Sign with Led's have a useful life of 5-years according to this IRS source. For the Reach-in Freezer, Food Warmer, eating utensils and table, these would have a useful life of 7 years. This is mentioned in Publication 946 in the section Which Property Class Applies Under GDS because it is a property that does not have a class life and has not been designated by law as being in any other class.
The kitchen floor is a permanent part of the building so this is depreciated for 39 years using a Alternative Depreciation Schedule (ADS) straight-line method.
Thank you. We don't own the property, does the flooring belongs to the leasehold depreciation? Thank you so much
Yes, you depreciate it as a leasehold improvement. Qualified leasehold improvement property,” like qualified improvement property is depreciated over 15-years using the straight-line method under MACRS and qualifies for bonus depreciation and section 179 expensing.