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What else can I help you with?
Are locks a leasehold improvement?
Generally speaking, no. Usual maintenance and repairs to leased property like painting? Plumbing repair, lock changing, etc. would not be considered leasehold improvements.
What is leasehold mortgage?
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.
An improvement that makes a product satisfy its purpose better is an improvement to the product's utility?
Yes. An improvement that makes a product satisfy its purpose better is an improvement to the product's utility.
Can you own a home if you don't own the property?
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.
Depreciation under annuity method?
this method is partyicularly applicableto those assets whose cost is heavy and life is long and fixed e.g. leasehold property, land & building etc
Can you destroy asphalt replaced in a leasehold improvement?
Leasehold improvements are covered in the Lease. More specifically what is allowed and what is not. As long as the Asphalt removal is allowed under the lease, disposal will be allowed or what must be done with it will be detailed.
Is carpeting considered to be a leasehold improvement or furniture and fixture?
it is considered a leasehold improvement.
Journal entry for amortization of leasehold improvement?
Debit depreciation expensesCredit leasehold improvement
Is hoarding a leasehold improvement?
NO !
Are dumpsters used in construction for leasehold improvement considered leasehold improvements?
no
Is a new floor a leasehold improvement?
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
Is painting leasehold improvement?
yes
Is concrete installation a leasehold improvement?
Yes
Where can one find information about 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.
Is light fixtures considered a leasehold improvement?
They can be, yes.
Is air conditioning leasehold improvements?
It is considered a leasehold improvement if it is affixed to the property and when you're installing a new unit.
How do you classify leasehold improvement in the balance sheet?
Fixed Assets.
