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Leasehold Improvements
Posted by annakarina on 01/28/2009 - 21:44
If a foundation pays for some of the leasehold improvements of a building, do we have to expense the leasehold improvements or we still have to depreciated as normal?
Ana Vazquez
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Leasehold Improvement Refunds
You can capitalize and depreciate leasehold improvements that your company has paid for. Any payment received from another party for the improvement would reduce the cost of your asset, thereby reducing the depreciation you take on the asset.