What Are Leasehold Improvements & How Do They Affect Your Small Business?
Hubspot Sales
JUNE 6, 2019
For example, if a business owner installs new carpet when signing a 10-year lease and it’s expected the carpet will need to be replaced in five years, the cost of the carpet is amortized over that five-year period. An example of this situation might be a dentist’s office being converted into a coffee shop.
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