Depreciation on property improvements

Depreciation on property improvements

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A Ltd co Client has spent say £200,000on property improvements to a building that they have a ten year lease. Does it seem reasonable therefore to depreciate the improvements over the 10 year period? I also have a grant that part funded this, so this I am amortising this over the same period.

Any comments would be greatly appreciated.

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By johngroganjga
29th Sep 2014 21:32

Yes.

And your treatment of the grant is also correct.

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