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.
In addition to assets inside a building, buildings, capitalized land, land improvements and some construction projects are also considered fixed equipment. Assets that are under renovation or construction are capitalized if the total cost is $100,000 or 20% of the building. Movable Assets.