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.
1 Improvements. 2  You must capitalize any expense you pay to improve your rental property. 3  An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. 4  Betterments.lthough the price is irrelevant, most of my qualifying repairs tend to be under $500 in cost. Whether youâre fixing a hole in the wall, or a unclogging a shower drain, you can deduct the cost of these minor repairs from the current yearâs tax liability.