pat
Level 5
02-05-2021
03:54 PM
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Thank you.
I do find this a tad circular.
I did confirm that these are repair and maintenance items.
However, the election allows the repair to be treated as an improvement. I read that as 15 year rather than 39 year property even if to the building. Am I wrong?
What is the benefit of this election? Do you think the total amount reported as expenses should be a consideration?