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Level 3
February 19, 2020
Solved

water tank cleaned and painted inside capitalized or expensed

  • February 19, 2020
  • 1 reply
  • 19 views

A water tank cleaned and painted inside capitalized or expensed.

This water tank supplies water for a mobile home park.

 

    This topic has been closed for replies.
    Best answer by the correct way

    Was it painted or sealed? Tank "diving" is a routine maintenance activity. Sealing would extend the life of the tank.



    Thank you for clarity! The inside was cleaned and painted.

    1 reply

    Just-Lisa-Now-
    Intuit Community Champion
    February 19, 2020

    Cleaning and painting sounds like an expense to me.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 3
    February 19, 2020

    Well the expense is $ 11,800.00.

    Just-Lisa-Now-
    Intuit Community Champion
    February 19, 2020

    The cost doesn't change what it is.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪