Wood Floor Part Of Bonus 50% Rule?

[WImom]

Is a wood floor we purchased/installed part of the 50% bonus rule for 2012? I wasn't sure if it was all flooring or just certain kinds. It would be T/S not 100% used for daycare if that matters any. Thank you for your help!

[TomCopeland]

wood floor

Is a wood floor we purchased/installed part of the 50% bonus rule for 2012? I wasn't sure if it was all flooring or just certain kinds. It would be T/S not 100% used for daycare if that matters any. Thank you for your help!

Unfortunately, a wood floor doesn't qualify for the 50% bonus rule because it's considered a home improvement that must be depreciated over 39 years.

[WImom]

But our laminate floor is okay? You had said it was in another post so I want to double check before we see our tax person today. Thanks for all your help.

[TomCopeland]

floor

But our laminate floor is okay? You had said it was in another post so I want to double check before we see our tax person today. Thanks for all your help.

Yes, a laminate floor could be depreciated over 7 years and thus would be eligible for the 50% bonus rule.

[WImom]

thanks!

[AmyKidsCo]

Why does a wood floor depreciate over 39 years and a laminate over 7? Is it the life expectancy of each type of flooring?