Section 388-835-0475. What requirements apply to capitalizing buildings, other real property items, components, improvements and leasehold improvements?  


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  • Buildings and other real property items, components, improvements and leasehold improvements must be capitalized if they are:
    (1) Required or authorized by the lease agreement;
    (2) Cost more than five hundred dollars; and
    (3) Involve at least one of the following:
    (a) Increase the interior floor space of the structure;
    (b) Increase or renew paved areas outside the structure that are either adjacent to the structure or provide access to it;
    (c) Modification to the exterior or interior walls of the structure;
    (d) Installation of additional heating, cooling, electrical, water-related, or similar fixed equipment;
    (e) Landscaping or redecorating; or
    (f) Increasing the structure's useful life by at least two years.
    [Statutory Authority: RCW 71A.20.140. WSR 01-10-013, § 388-835-0475, filed 4/20/01, effective 5/21/01.]
RCW 71A.20.140. WSR 01-10-013, § 388-835-0475, filed 4/20/01, effective 5/21/01.