Real Estate/Development
Nov. 25, 2003
FASB Proposal Will Have Serious Implications for Landlords, Tenants
BY DOUG MCEACHERN AND JOSH LEONARD When is an expense a repair, and when is it a capital improvement? The answer, under a new proposal by the accounting rule makers, will have implications and may cause confusion for landlords and tenants.
When is an expense a repair, and when is it a capital improvement?
The answer, under a new proposal by the accounting rule makers, will have implications and may cause confusion for landlords and tenants.
The area that will generate that confusion deals with the definition of repairs as contrasted with capital improvements.
While an expenditure for repairs once may have been characterized as...
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