Quote:
Originally Posted by Eric Coffey
Looks like OPEX to me. The only possible exception being the trailer rental to pick up the new bathroom cabinet. Though, some would argue that the trailer rental = OPEX and the cabinet itself = CAPEX.
In my experience (CRE), maintenance/repairs = OPEX, but actual "add value" improvements = CAPEX. That may be more of a "generality" with some exceptions, and I am not an accountant in any way/shape/form, so...
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Agree, in my rental property my accountant says opex is maintenance and repairs, CAPEX is improvements. He also always has me depreciate the CAPEX improvements. Such as new furniture. New refrigerator, new carpets etc....