The labor costs would be added to the cost of each asset as applicable. For example, if the labor cost was $1,000 to install a new flooring that cost $2,000, then the total cost of the flooring would be $3,000. Labor would not be considered an intangible cost.
As far as your last question, if you can break out the renovation costs based upon each improvement, that would be the ideal way to report it on your depreciation schedule. Essentially, the roof might last longer than the floors. This ensure that when the time comes to replace one or the other, you are only removing the specific asset that is no longer in service.
@sunshine39
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