Will the renovation cost of the restaurant before opening be included in the long term amortized exp

Updated on Restaurant 2024-04-20
3 answers
  1. Anonymous users2024-01-23

    If the decoration cost reaches 20% of the original value of the house (self-owned property), it should be included in the fixed assets - decoration cost, if it is a leased property, even if the decoration cost exceeds 20% of the original value of the house, the decoration cost will be included in the long-term amortized cost.

  2. Anonymous users2024-01-22

    Any expenses incurred during the preparation period should be recorded as "long-term amortized expenses".

  3. Anonymous users2024-01-21

    If the restaurant is a rented house, the cost of the renovation period will be credited to the long-term amortization cost - start-up fee.

    Expenses for improvement of leased fixed assets.

    Expenditure on major repairs of fixed assets.

    Others are amortized over a period of 5 years after completion and after opening.

    Start-up costs can be divided into; Salary, office expenses, training expenses, travel expenses. Printing fee, registration fee. interest and so on.

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Changsha all-day decoration company recommends that you hire a decoration supervision company, such a large project can only be carefully reviewed according to the design drawings and contracts, your quotation is too general, the flexibility is too large, both sides will not be very good to operate, just a little mistake is hundreds of thousands. For specific things, you can also call or go to Changsha all-day website network to consult! Changsha all-day decoration wishes you the Year of the Tiger business, tiger roar, tiger look, haha