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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

  • 1471 reads


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.

Posted by RAK007 on 01/30/2009 - 10:59
  • 3 reads
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Amidst a certain amount of controversy, the AICPA and the Chartered Institute of Management Accountants have launched a new designation for global management accountants, the CGMA (Chartered Global Management Accountant). The designation is available to members of both organizations.
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Gail Perry, CPA
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