water tank cleaned and painted inside capitalized or expensed

[the correct way]

A water tank cleaned and painted inside capitalized or expensed.

This water tank supplies water for a mobile home park.

[Just-Lisa-Now-]

Cleaning and painting sounds like an expense to me.

[the correct way]

Well the expense is $ 11,800.00.

[Just-Lisa-Now-]

The cost doesn't change what it is.

[qbteachmt]

Was it painted or sealed? Tank "diving" is a routine maintenance activity. Sealing would extend the life of the tank.

[the correct way · Accepted solution]

Thank you for clarity! The inside was cleaned and painted.