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Painting of assets is an asset or expense?

Answer:

If a custom paint scheme was applied when the asset was new (such as a company vehicle), you would add that painting cost to the capitalized cost of the asset. If the painting was done because the assets had been in use and needed freshening up, it would be considered maintenance expense.

First answer by BigMrSteve. Last edit by BigMrSteve. Contributor trust: 412 [recommend contributor ]. Question popularity: 1 [recommend question].

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Relevant answers:

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