Thanks Champ. But we are tenants. We do not own the land nor the structure. The restaurant that we rented from the landlord, is a small shop.
The demolition expense was to tear down a few internal walls, existing kitchen, counter tops, drywalls etc and haul the removed material away.
The external structure remians as is.
Shouldnt it be either a cost or a capital expense for us a renter?
Abhijit
