USA Repair Cost


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Hi All,
Recently put in a generator for our office building. While installing the generator the sprinkler system was damaged in the process. Can the cost of returning the sprinkler system to its original working condition be capitalized with the generator costs or should this be expensed?

Thank you,
Dan
 
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kirby

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If it's just to repair back to the way it was it is an expense. If you replaced it with a new system then you capitalize but also write off the old one.
 

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