Expenditures to acquire capital assets or expenditures
to make additions, improvements, modifications, replacements, rearrangements,
reinstallations, renovations, or alterations to capital assets that materially
increase their value or useful life.
Capital improvement
(1) A structure that costs at least $25,000 to build,
or
(2) The alteration, renovation, or repair of a
structure if it increases the structure’s useful life by at least 10 years or
its market value by at least $25,000.