Office renovation exps


This query is : Resolved 

Quick Summary
When renovating a leased office space for a 5-year term, businesses often question whether these costs should be capitalised as an asset or treated as an immediate expense. The general accounting practice is to amortise these renovation expenses over the remaining lease period, effectively spreading the cost across the benefit received.

10 July 2023 Hello All,

Renovation of office taken on lease for 5 years, should it be capitalized or shown as expense.


10 July 2023 Amortize the expense for the period of five years.

20 July 2023 Thank your sir for the reply

20 July 2023 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details