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.
Making Business Repairs. The IRS doesn't require capitalization of minor home or business repairs, including window repair, door replacement or new paint jobs. A business owner can deduct minor repairs to property in the year the business owner incurs the expense, according to Nolo, a legal information website.