by Sharon
(Calgary, AB, Canada)
Should it be expensed or capitalized?
I have a client in the restaurant business. Recently their large commercial cooler was not keeping its temperature. They had someone come out and ended up upgrading and repairing the motor and a few other parts ended up being replaced. The invoice is over $5,000.00 for parts and labor.
Because my client repaired the existing cooler versus replacing with a new cooler would you expense the amount 100% or should it be capitalized even though it is not new equipment rather an upgrade and repair to the exsiting unit (maintenance and repair)?
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