Sunday, August 30, 2015
August Expense 2015 Tally
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.
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