Restaurant
Leasehold Improvements (Fit-Out)
Capitalizing the cost of tiling, kitchen ventilation, and interior fit-out of a rented restaurant space.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Leasehold Improvements | Asset (+) | 25,000.00 | - |
| Cash / Bank | Asset (-) | - | 25,000.00 |
💡 Accountant's Note
Permanent improvements to a rented space are capitalized as an asset and depreciated over the shorter of the lease term or the improvement's useful life.
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