Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is labor for installing the new fixtures also included in the book value of investment for retrofit, or just the cost of materials?

April 26, 2017book COST fixtures included Investment labor Retrofit value

0

Posted

Is labor for installing the new fixtures also included in the book value of investment for retrofit, or just the cost of materials?

1 Answer

0

Posted

Labor to install the new fixtures is considered part of the asset value. The labor to remove the old fixture is considered a simple expense and is not capitalized.