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posted Apr 19, 2025 1:19:13 PM

Leasehold Improvements

We have been renting a building for business purposes for 17 years but renovated before moving in,  and therefore lots of leasehold improvements that we have depreciated over the years.  Just before our lease ended last summer, we had to do a bunch more renovating/repairs (due to aging, not misuse) that we agreed to with the owner.  Do we add that amount to the leasehold improvements or simple contribute it to repairs.  

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1 Replies
Level 15
Apr 20, 2025 11:44:00 AM

if you moved out i would charge to repairs