Sherry Miller, ARNP is a medicare enrolled Nurse Practitioner - Family in Mason City, Iowa. She graduated from nursing school in 2015 and has 3 years of diverse experience with area of expertise as Nurse Practitioner.
Major repairs to production equipment should be capitalized. The repair to the asset will extend the useful life of the piece of equipment, which is an allowable reason to capitalize an expense. Companies should be careful, however, to not capitalize the maintenance cost of a piece of equipment.
to collect sales tax from those customers. However, contractors making capital improvements must generally pay sales or use. tax on all machinery, equipment, tools, and materials they purchase for use in their business and for use or consumption in. making the capital improvements.