Discussion:Replastering Swimming Pool
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Discussion Forum Index --> Tax Questions --> Replastering Swimming Pool
Shuale ejs (talk|edits) said: | 18 June 2008 |
| Hi,
Could the cost to replaster a swimming pool for a hotel be a capitalized expense? | |
RoyDaleOne (talk|edits) said: | 18 June 2008 |
| Yes, or it might be an expenses. | |
| 18 June 2008 | |
| (DZ, you are assuming the hotel is in operation and not closed down for rehab, aren't you?) | |
| 20 June 2008 | |
| Was the entire pool replastered ? What's the expected life of the replaster ? What's the cost of the replaster ? Is this part of an overall refurbishing of the hotel or a single contract item ? Were the materials used different than the original plaster ? All these are factors which will determine whether to capitalize or expense. My guess Capitalize because you are probably extending the life of the pool for several years . | |
RoyDaleOne (talk|edits) said: | 20 June 2008 |
| My guess is expense because the design life of the pool was not extend, because replastering is like repainting. It is a maintenance item in my view.
Now if done as part of total remodel of the hotel I may change my view. | |
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