In general, for capital projects over $50,000, expenditures which improve or add to the value of the asset, or extend the useful life of the asset are capitalizable as part of the project's cost. All other costs must be expensed.n general, for capital projects over $50,000, expenditures which improve or add to the value of the asset, or extend the useful life of the asset are capitalizable as part of the project's cost. All other costs must be expensed.
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JOVANA VUJOVIC is registered attorney admitted in New York State in 2006. The registration number is 4416731. The company name is ROBINSON & COLE LLP. The office address is 666 3rd Avenue, 20th Floor, New York, NY 10017-4132. The county is New York. The phone number is (212) 451-2916. The email address is jvujovic@rc.com.