I'm doing this monthly reporting again because a lot will be forgotten soon if I don't. To summarize: basic expenses include food, utilities and repairs. Food and utilities are self-explanatory. Utilities include electricity, water and phone bills. Repairs were formerly expensed out in the month they are incurred or paid. This year I changed the treatment of all repair costs. I am capitalizing them all and putting them all to Property Improvements except for repairs specific to the period, non-recurring and small. I will systematically charge this cost over the life of the assets as depreciation. This treatment will be more logical and values assets more accurately.
linux experience, technology, music and film, what kept me up last night