I have one property out of eleven that painted and stained their building this year. No structural repairs. It is not for sale, but an operating restaurant. Could this be capitalized?
What criteria would anoyone use to determine Repair VS Capitalization for paint and stain on an existing building
Answers
For income
Heck, even for GAAP I'd have to see it that way.
Let me ask: Why would you want to capitalize this in the first place?
1
My thoughts exactly. Thank you for the feed back.
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Accounting