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water tank cleaned and painted inside capitalized or expensed

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Level 2

A water tank cleaned and painted inside capitalized or expensed.

This water tank supplies water for a mobile home park.

 

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the correct way
Level 2


Thank you for clarity! The inside was cleaned and painted.

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5 Replies 5
Just-Lisa-Now-
Level 15
Level 15

Cleaning and painting sounds like an expense to me.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
the correct way
Level 2

Well the expense is $ 11,800.00.

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Just-Lisa-Now-
Level 15
Level 15

The cost doesn't change what it is.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

Was it painted or sealed? Tank "diving" is a routine maintenance activity. Sealing would extend the life of the tank.

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the correct way
Level 2


Thank you for clarity! The inside was cleaned and painted.

View solution in original post

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