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Experienced Member

Should we expense or capitalized Building Permit Fee expenses

 
2 Comments
Established Community Backer ***

Re: Should we expense or capitalized Building Permit Fee expenses

All costs, including building/inspection fees, are part of the buildings cost, and when the building is put in service, then that total of costs becomes the cost basis of the fixed asset and is then subject to depreciation

Experienced Member

Re: Should we expense or capitalized Building Permit Fee expenses

Thank you so much for the reply. Appreciate it. 

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