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New flooring would be considered an improvement, not a repair. New floors are expected to last the life of the property. That is why they are depreciated over 27.5 years, the same as the building you are renting.
New flooring would be considered an improvement, not a repair. New floors are expected to last the life of the property. That is why they are depreciated over 27.5 years, the same as the building you are renting.
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