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How to categorize Leasehold improvements for architect fees, contractor fees, plumbing, painting, etc?
I understand it needs to be treated as a business asset and depreciated, but I don't see how I can categorize them. Under "Intangibles, Other property", I can use "Other asset type" and then define my items as “Constructing asset: architect fees", “Constructing asset: contractor fees", etc, but then it asks for the asset class and the corresponding class life, but none of the descriptions fit my purpose.
I am renting a space I do no own for my business.
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June 4, 2019
4:03 PM