Painting is like the dress of a house, and without a good paint job (both interior and exterior), no living space is complete and comfortable. Moreover, painting expenses are categorized into two parts, maintenance, and capital expense. This leads to a long-standing question, is painting considered maintenance, or is it a capital expense? It’s a tricky question, not just because it uses difficult words like capital expense, etc. but because it doesn’t have a definite single-word answer. To answer if painting is considered maintenance or a capital expense, well, it depends on the situation and scenario in which you find […]
Is Painting Considered Maintenance or a Capital Expense?
