Ask Experts Questions for FREE Help !
Ask
    Babette55's Avatar
    Babette55 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2008, 05:15 PM
    Accounting for re-painting a building.
    If a company owns a building and has the building re-painted is this an increase in the building asset or an expense to maintenance and repair ?
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
    		  
    #2

    Feb 2, 2008, 11:41 AM
    The point is whether it increase the earning ability of the building, if yes then add it to asset.
    Sand Daddy's Avatar
    Sand Daddy Posts: 95, Reputation: 14
    Junior Member
    		  
    #3

    Feb 2, 2008, 11:49 AM
    Items like paint and carpet etc don't typically increase the property value as opposed to hardwoods, tile, or above standard accessories, from an appraisal standpoint. It certainly adds curb appeal when selling. I would drop that into building maintenance or repair.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is the difference between Managerial Accounting and Cost Accounting ? [ 3 Answers ]

Hello Dears, I want to know about the difference between Managerial Accounting and Cost Accounting. Thanks ! Sincerely Yours, Mohammad Naim

Accounting steps for the accounting cycle [ 2 Answers ]

I think I wrote all the steps wrong can someone correct them for me thanks. List the following steps of the accounting cycle in their proper order: a) Preparing the post-closing trial balance.9 b) Posting the journal entries c) Journalizing and posting adjusting entries d) Preparing the...

How to Bid on Painting the Interior of a Building [ 2 Answers ]

We have recently started our own home based painting business. I usually just bid a price that sounds fair to me, but have come up short on a lot of jobs doing it that way. Would like to learn how to bid on a big job that has several rooms of different sizes.. such as 14 x 18, 120 x 26, etc....

Building PC [ 2 Answers ]

Hello, Looking to build my own PC - Did 1st build with a very smart friend. Now ready to go on my own. Any websites out there that can help? Thanks Stu

View more questions Search