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.
A leasehold mortgage is an encumbrance on a tenant's interest in a lease conveyed to a lender as collateral for a loan to the tenant.
Yes. An improvement that makes a product satisfy its purpose better is an improvement to the product's utility.
Yes, you can own a home without owning the property through various arrangements like leasehold agreements or cooperative housing. In a leasehold, you own the home but lease the land from a landlord for a specified period. In cooperative housing, you own shares in a corporation that owns the property, granting you the right to live in a unit. These options allow individuals to have a home without direct ownership of the underlying land.
this method is partyicularly applicableto those assets whose cost is heavy and life is long and fixed e.g. leasehold property, land & building etc
it is considered a leasehold improvement.
Debit depreciation expensesCredit leasehold improvement
NO !
no
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
yes
Yes
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.
Fixed Assets.
No, is considered a fixture.