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View Full Version : New fence - asset or expense?


jbrzez
Feb 27, 2009, 09:40 AM
I purchased 3.5 acres of unimproved land a few months ago for my business. Since then, I had the entire property fenced in at a cost of $20,000. Is that considered an asset as land improvement, or can I expense the entire amount?

MLSNC
Feb 27, 2009, 08:52 PM
The fence is an improvement that has a useful life of more than 1 year. Therefore, it should be depreciated.