Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   New fence - asset or expense? (https://www.askmehelpdesk.com/showthread.php?t=322750)

  • Feb 27, 2009, 09:40 AM
    jbrzez
    New fence - asset or expense?
    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?
  • Feb 27, 2009, 08:52 PM
    MLSNC

    The fence is an improvement that has a useful life of more than 1 year. Therefore, it should be depreciated.

  • All times are GMT -7. The time now is 03:22 AM.