Hello TurboTaxMinhT,
Is it correct that because the carpet which is wall-to-wall but not glued-down (from your answer) would have to be depreciated over shorter period than the vinyl?
To calculate the basis for depreciation is it ok to separate out for the two items from the purchase cost and installation cost details.
The purchase of vinyl and carpet material (not installation) is being paid using a 0% interest retail loan with 24 equal monthly payments starting 09/30/2017, is it ok to apply the purchase price to 2017?
