Electricity???
Suejw
Registered Posts: 39 Epic contributor 🐘
One of my clients runs an equestrian business and has just installed electricity on her yard. Do I capitalise this as it is a lot of money- around £6000 but then I cant really depreciate it so is it revenue??:huh:
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Comments
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Capitalise as an improvement to the premises. There would probably not be depreciation though. It would just remain an asset. Repairs to the electrics later though would be revenue expenses.0
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Well I would treat it like a new installation of a gas boiler, ie capitalise the initial cost, then revenue expenses for any repairs or replacement of the same.0
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