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Updated almost 15 years ago, 03/06/2010
Operating vs. Capital Expense
After I bought a property, I had to replace the water heater right away as the old one was rusty and leaking. Of course I could not rent the property out without water heater being functional. Is it operating expense or capital expense?
Also the property did not have any kitchen appliances. Are they operating or capital expense?
Thank you,
Irina