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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Newport Jazz Festival Founder George Wein Turns 90. Lovano will perform this year as the co-leader of the John Scofield-Joe Lovano Quartet and is releasing an album of his 2005 performance there: Joe Lovano Quartet: Classic! Live At Newport, featuring legendary pianist Hank Jones, who died in 2010.