Capital Expenditure

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.


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