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    #1

    Leasehold Improvement

    Client bought a business in 2012. $5,000 of the purchase price was allocated to leasehold improvement. He took over the lease from the seller so there was also 1 year of lease remaining. How many years would you depreciate the leasehold improvement over?
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    #2
    I'm not understanding the question but typically leasehold improvements are depreciated for the life of the lease or the life of the improvement - whichever is shorter.

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      #3
      Originally posted by Roberts View Post
      I'm not understanding the question but typically leasehold improvements are depreciated for the life of the lease or the life of the improvement - whichever is shorter.
      Well, the life of the lease is one year. The buyer took over the lease from the seller and the seller had 1 year left in the lease.

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