I believe this should be capitalized as well. Even though it is an extra cost, it is still a cost required to get the equipment in good working order. It doesn't qualify as 'maintenance' so I don't think it can be expensed.
Thanks Steve.We have a capital project for equipment which the vendor wired wrong. The wiring needed to be redone by a third party. Should an estimate be made of the price for wiring paid to the original equipment manufacturer and expensed?
Thanks Steve!I believe this should be capitalized as well. Even though it is an extra cost, it is still a cost required to get the equipment in good working order. It doesn't qualify as 'maintenance' so I don't think it can be expensed.
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