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Capital expenditures are typically classified into four general categories. These are equipment, facility renewal, facility adaptation, and new construction. A similar category, facility maintenance, is sometimes confused with capital expense because its nature is similar. The crucial difference between facility maintenance and capital expenditures is project size. Careful selection of a threshold for classification of a project as an expense of operation instead of an asset for capitalization is essential.
Click on the links or photos below for project summaries and photos.
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