Rented building improvement


Joined
Jul 4, 2021
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Bahrain
I make improvements for the building I rent (I am the tenant of the building) for $2,500. Will this considered expenses as I am not the landlord of the building?
Dr Building renovation expenses 2,500
Cr Cash 2,500


What about if I am the landlord? Will be as following

Dr Building 2,500
Cr Cash 2,500
 
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Joined
Mar 14, 2021
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India
Building (Asset) account will be debited only if the renovation increases the useful life of the building than already estimated.

General renovation expenses are to be expensed off irrespective of the ownership of the building.
 
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Joined
Dec 19, 2020
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The overlooked issue here is whether or not the tenant is permitted to make the improvements?
Is there a provision in the lease that permits it?
 

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