IRS Definition of Cap Ex Items

[Miles Stanley]

Hello all,

I have seen several posts about confusion between what is considered CapEx, maintenance and repairs. To me, repairs and maintenance can almost be combined (assuming CapEx items exclude repairs and are their own class altogether).

I have heard that CapEx items are defined as 'depreciatable' by the IRS. Does anyone have the link to the page on the IRS website where it basically says what is included in this category. Does such a list exist?

I know there is much debate about how to account for CapEx and the method about breaking down each item into a monthly cost derived from the useful life of the item seems to prevail in a lot of circles. I am trying to put together my own spreadsheet for this and this information would greatly help me out.

Thanks!