Properly accounting for extraordinary capital expense

[Chris Wilson]

I am hoping for feedback on how to best represent a major capital expense for a small apartment unit in terms of it's performance. The overall expense will be somewhere around 150K. That would include the decision to go ahead and replace windows and sliders in 4 of the units which I would want to show in the capital expenditures for the year. Over 100K is due to replacing a beam ( and the support posts ) supporting 2 of the units over the parking area and rebuilding the front porch area and back decks for those units. None of that cost is currently captured in the property managements monthly statements as I have been dealing directly with the contractor and paying him directly. That beam ( wood ) was 50 years old and the new steel beam should hopefully last at least that long.