- Apr 7, 2015
- Reaction score
Our company just purchased and had installed two new air conditioners and heating units. The cost was 32k. I'm not sure where to record the sale. We are tenants and pay rent each month. Should I record the units under Equipment or as a Leasehold Improvement? I looked up leasehold improvement for our new roof, and it says the items must be inside the building. The business and building are owned by the same people. The building was placed in a holding company separate from the manufacturing business. The lease states we are responsible for any maintenance issues, so we pay the bills from the manufacturing company.