qbteachmt
Level 15

"yes, they add laser tag facility"

You are being asked to provide more details. Not "facility." Buildings; interior changes; parking lot and landscape; signage; equipment (furniture and fixtures). Depreciation applies to ownership.

To get specific help from the peers that volunteer to be helpful, you need to give them specifics.

You need to understand: What sort of improvements were made, when, for how much, and how were they treated for tax reporting in the year placed in service and/or prior years? How does the lease term compare to the IRS useful life regulations for each type of asset?

"It's lease improvement they did can be depreciated for term of the lease"

If you already think this, then what part is your question?

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