What is the depreciation schedule for stain concrete floor for rental property?

[Chris2]

I am buying a house for rental property. I need to put a stain concrete floor before putting it out for rent. Please advise how many years should I depreciate the cost of this project. Thank you!

[Hal_Al · Accepted solution]

27-1/2 years. It's considered a building component.

But, since you are doing the work shortly after purchasing the property and prior to renting it; you do NOT depreciate it separately. You add the cost, of the floor, to the purchase price and depreciate (over 27.5 years) the entire house as one asset

[Chris2]

Thanks a lot for the detailed answer!! This house is under construction and will be closed in February 2018. I am thinking to take advantage of Black Friday to get some appliances for the house. If I buy these appliances now(November 17), keep them for a few months, Can I still choose to depreciate them in the future after they place in service in 2018? Please advise. Thanks!

[Hal_Al]

Yes. In fact, that's the way you must do it.