USA Beginner's question

[Shablon]

We are buying a car, and fixing it. Do I need to attach some kind of specific documentation to add fixing price to asset's book value?

 

[kirby]

Just keep the invoices as proof of what you paid. keep in mind, though, that if "fixing it" means just normal maintenance then that would not add to the value (or cost ) of the car.

 

[AccountantSalary]

What kirby said -- just keep all receipts and invoices.

But what do you mean by "fixing?" Are you getting it in running order? Are you trying to make it more expensive with additional options?

 

[Shablon]

Thank you for answers!
Yes, I mean getting it in running order.