I had tkr in March 2009 on my left knee. Everything went terrific. My range of motion was great, I did good in PT, I was a star patient according to my therapist - did everything much sooner than most supposedly. Then in Aug. 2010, my darn knee started hurting.
Costs you can Deduct or Capitalize. Business start-up and organizational costs are generally capital expenditures, which are funds used to acquire assets such as furniture, buildings and machinery. There are certain start-up costs that you can elect to either deduct or capitalize.
Quick Review of the Guiding Principles. Cost capitalization is observed if a major expense merits recognition as an investment of capital funds instead of being recognized as an expenditure for the year. Related policies are largely based on the function of the asset purchased or the purpose of the expenses incurred.