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Duzy_
New Member

$16000 loan for Furnace and air Conditioner replacement which encompasses the home office. Do i take the entire amunt as an asset or a home repair? any suggestion would be appreciated..

 
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1 Reply
AnnetteB6
Expert Alumni

$16000 loan for Furnace and air Conditioner replacement which encompasses the home office. Do i take the entire amunt as an asset or a home repair? any suggestion would be appreciated..

A furnace and air conditioner replacement is an Asset, not a repair.  

 

Even though you got a loan to pay for the replacement, you would enter the total cost when entering the Asset information.  

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