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What are examples of items that are not considered capital assets?
What are examples of items that are not considered capital assets?
Examples of items that may appear to be capital purchases but are not:
Painting
Carpet/tile replacement, sink and fixture refinishing
Service contracts
Repairs/improvement projects that do not increase the value and useful life of the capital asset
Regular maintenance, cleaning, pest extermination or other periodic maintenance
Annual software licenses
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Article ID:
135028
Created
Wed 8/4/21 1:13 PM
Modified
Mon 8/16/21 4:20 PM
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Check out this article I found in the Client Portal knowledge base.<br /><br /><a href="https://sju.teamdynamix.com/TDClient/1942/Portal/KB/ArticleDet?ID=135028">https://sju.teamdynamix.com/TDClient/1942/Portal/KB/ArticleDet?ID=135028</a><br /><br />What are examples of items that are not considered capital assets?