Ask Experts Questions for FREE Help !
Ask
    Yesamen58's Avatar
    Yesamen58 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 5, 2012, 02:59 PM
    Capitalize or expense
    I am wondering... I worked for a hotel that decided to purchase new furniture for the property. I was required to hire outside labor to turn a 50 room property over in 2 days( old furniture removal and new furniture installation). The project also required tool purchases and rentals to accommodate the installation... plus numerous other direct costs. The next month they did the same removal and installation of the Flat Screens and started the required ADA renovation which involved renovation of several areas. They expensed out these cost againist my NOI... but I believe these costs should have been capitalize. The costs incurred drastically effected my NOI bonus and I need to know if they are within there rights to do this to keep from paying a NOI performance bonus!

Check out some similar questions!

Is it ethical for an employer to expense instead of capitalize Re: NOI bonus [ 1 Answers ]

I am wondering if there is anything that I can do to my past employer who expensed out capital expenditures to make my NOI bonus non-existant. I worked for a hotel that decided to purchase new furniture for the property. I was required to hire outside labor to turn a 50 room property over in 2...

Corporation Capitalize [ 2 Answers ]

Please help me: A corporate constructed equipment to manufacture a new line of home products during 2004. The average accumulated expenditures on the equipment during 2004 were $500,000. Construction started on Septembet 1, 2004, and was still in progress at the end of 2004. If the corporation...

Capitalize or Expense [ 2 Answers ]

If a company incurs a lot of development expenses relating to setting up their website through which they do their business, can you capitalize these expenses or doyou have to expense

Capitalize or Expense Costs? [ 2 Answers ]

Hi Everyone, I need some help please... Think specifically about the costs that a company pays out each day.Some accountants will allow you to capitalize some (if not most) of these items (and only incur amortization expenses year over year) while others will advise you expense them all in...

Capitalize or Expense [ 3 Answers ]

Computer consultants fixed bugs and made enhancements to our proprietary software. The cost is large enough to capitalize but should I expense?

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.