USA Fixed Assets-Capitalizing An Asset that's 50% Paid For

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Hi!

I'm working on the fixed assets for the month and I'm pretty new so I'm not sure how to handle this case. We have a store that is going through a remodel and we paid a 50% deposit for them to begin the demo last month. The remodel is complete but we have been invoiced or paid for the remaining 50%. Can I capitalize the asset being that the service is complete but we've only paid for half thus far? Or should I wait until 100% of the service is paid for and simply catch the depreciation if needed?

Thanks!
 
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No need to worry about it. You had paid 50%, you are able to do that. And when you pay remaining 50% you add it. But you have to start depreciation from 50%. As your company policy.
 
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If the remodeling is complete and it is now being use, i believe you should capitalize 100% and the remaining balance should be recorded in your AP.
 

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