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Date Posted: 09:19:09 04/23/02 Tue
Author: Pete DaDalt
Subject: Re: leasehold improvements
In reply to: Elizabeth Joseph 's message, "leasehold improvements" on 09:31:47 01/14/01 Sun

>I just want to verify what type of account leasehold
>improvement is. Does anyone know?

A leashold improvement results when you make an improvement or modification to a fixed asset that you lease (rather than own). For example, you may lease the building that your business is located in. If you make modifications to it (i.e. put in new walls in your office), that would be considered a leasehold improvement. It is classified as a fixed asset, and is depreciated as such.

Hope this helps...

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