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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Ventura is a beach town along the original Pacific Coast Highway (U.S. 101). The inhabited portion of Ventura County also includes numerous towns including Oxnard, Simi Valley, Thousand Oaks and Santa Paula. Aside from Ventura and its beaches, the area is a mix of agriculture, small industry, and residential areas.