CAPITALIZE Building (and Moveable improvements) Furnishings + ALWAYS Land (if total project Equipment EXPENSE (all amounts) >= $100,000) (if >= $5,000) AT PURCHASE Accounting fees X X Application fees (e.g., permits, etc.) X X Appraisals X X Broker's fees or other purchase commissions X X Closing (other than real estate taxes or X X interest) Engineering services X X Feasibility studies that lead to asset purchase X X Finder's fees X X Fixed (NOT moveable) equipment and X furnishings Inspection costs X X Installation fees (i.e., costs to install X equipment) Interest expense X Legal and consulting fees X X Moving and relocation: moving people, equipment or utilities/infrastructure in or out of X building Other professional services related directly to X X the purchase Purchase X X X Real estate taxes X Recording fees (e.g., title/ownership X X registration, etc.) Title insurance X X Title searches X X
AT PURCHASE Land (all amounts) CAPITALIZE Building (and improvements) (if total project >= $100,000) Moveable Furnishings + Equipment (if >= $5,000) ALWAYS EXPENSE Accounting fees X X Application fees (e.g., permits, etc.) X X Appraisals X X Broker's fees or other purchase commissions X X Closing (other than real estate taxes or interest) X X Engineering services X X Feasibility studies that lead to asset purchase X X Finder's fees X X Fixed (NOT moveable) equipment and furnishings X Inspection costs X X Installation fees (i.e., costs to install equipment) X Interest expense X Legal and consulting fees X X Moving and relocation: moving people, equipment or utilities/infrastructure in or out of building X Other professional services related directly to the purchase X X Purchase X X X Real estate taxes X Recording fees (e.g., title/ownership registration, etc.) X X Title insurance X X Title searches X X