What are examples of items that are not considered capital assets?

Body

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

Details

Details

Article ID: 135028
Created
Wed 8/4/21 1:13 PM
Modified
Mon 8/16/21 4:20 PM