Hi,
Please advise if refurbishment costs incurred by the lease for a premises under operating lease /in order to bring the premises into working condition, say for an office/ (not part of the lease contract) should be expensed when incurred or should be spread over the period of lease (say 5 years)
Thank you
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Refurbishment (repair) costs for premises under Operating lease
10y ago#1Over the period of the lease would be my initial reaction! So capitalise as "tenant's improvements" and depreciate over the period of the lease (say 5 years)
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