Distinguishing Winery Repairs from Improvements
To expense or to capitalize?
As the economy continues to recover, winery owners will spend increasing amounts of capital to update their production facilities and attract patrons to their tasting rooms. The scope of these projects can vary from simple refreshes involving paint, updated floor coverings and new signage, to complete renovations that include new exteriors, expanded footprints and facility layout changes. This trend has raised questions about proper accounting treatments for the incurred costs: which should be e...
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