Updated almost 9 years ago on .
Most recent reply
presented by
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That leads me to believe that labor would be expensed and material will be capitalized. Is that the case? Thanks in advance
Most Popular Reply
Is there a portion of the roof that could be replaced instead?