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Updated about 8 years ago,
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That leads me to believe that labor would be expensed and material will be capitalized. Is that the case? Thanks in advance