Yes
If the unit is new and installed onto the building, yes.
it is considered a leasehold improvement.
Debit depreciation expensesCredit leasehold improvement
no
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
If the unit is new and installed onto the building, yes.
it is considered a leasehold improvement.
Debit depreciation expensesCredit leasehold improvement
As this would be considered a replacement, and not an installation, this would be considered an improvement. If this was a dirt lot and you were laying down the initial surface, this would be a new installation, and depreciated in the same fashion as the main asset.
NO !
no
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
yes
Yes, shelving can be considered a leasehold improvement if it is installed in a leased space and enhances the functionality or value of the property. Leasehold improvements are modifications made to a rental property to suit the needs of the tenant, and shelving typically falls into this category. However, if the shelving is removable or not permanently affixed, it may not qualify as a leasehold improvement.
There are many websites in which one could find information about a leasehold improvement. Some of these websites include investopedia and businessdictionary.
They can be, yes.
It is considered a leasehold improvement if it is affixed to the property and when you're installing a new unit.