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Corporation is moving from rented space and buying a building. Would the moving expenses be deductible or capitalized?

2007-03-16 05:21:50 · 1 answers · asked by Michael_C_IN 1 in Business & Finance Corporations

1 answers

How could it be anything but an expense?

To capitalize this would mean that it is some how an asset. And that presumably it would be consumed over time. What would the deprecation schedule be on moving expenses?

To me this is clearly a general expense.

2007-03-16 11:18:37 · answer #1 · answered by James H 5 · 0 0

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