Can I Capitalize Equipment Repair
I'm not sure how I would treat replacement units, but I might be more inclined to capitalize them if the original units had lasted a nice long time (in real life, regardless of IRS's tables), and might be more inclined to expense them if they broke down and needed replacement 'every 2 seconds.' If it had to be capitalized, I don't even know what a 'package' air conditioning unit is, but if you mean one that goes in a window and can be moved easily from place to place, I would consider it 5- or 7-year property.If it's part of a system that's installed into the ground and essentially part of the realty, I'd use 27.5 or 39 depending on what type of building it is that's being cooled. People come to Accountants Community for help and answersβwe want to let them know that we're here to listen and share our knowledge.
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How To Capitalize Equipment
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Can I Capitalize Equipment Repair Near Me
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