What is the threshold for capitalizing a repair or replacement?

For a repair or replacement to be capitalized, it must be part of a repair or rehabilitation project that increases the value and useful life of the building or equipment. A replacement may also be capitalized if the new item or part is of significantly improved quality and higher value compared to the old item.


Article ID: 135026
Wed 8/4/21 1:13 PM
Mon 8/16/21 4:22 PM