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    jbrzez's Avatar
    jbrzez Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 27, 2009, 09:40 AM
    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?
    MLSNC's Avatar
    MLSNC Posts: 158, Reputation: 17
    Junior Member
    		  
    #2

    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.
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