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For a Real Estate company, an expense of $ 1 . 5 K for replacement of LVT carpet in their rented out property is expensed
For a Real Estate company, an expense of $K for replacement of LVT carpet in their rented out property is expensed to "Amenity supplies". Upon your Income statement analysis would you recommend any of the following changes to treat it correctly?
A No changes, it's expensed correctly to building supplies related GL
B Reclass to Capitalize it to "Furniture & Fixtures"
C Reclass to Capitalize it to "Building Improvements"
D Reclass to Expense it to "Carpet Cleaning" expense
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