I have a client who had to do repairs to his shop where he works on his traps, paints bouys and does repairs on equipment. He had to do about $7,000.00 in repairs to the electrical and $21,375.57 repairs to the shop itself to make it structually safe.
I was thinking maybe I could take the Electrial Repairs as a direct expense, because he had to replace the old wiring.
Then on the $21,375.57 I'd depreciate at 39/40 Non Residential.
Any in put would be appreciated.
Thank you,
Absolut
I was thinking maybe I could take the Electrial Repairs as a direct expense, because he had to replace the old wiring.
Then on the $21,375.57 I'd depreciate at 39/40 Non Residential.
Any in put would be appreciated.
Thank you,
Absolut
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