Kristy S. Maitre
October 27, 2015
What is an Improvement? Does that improvement: (1) it returns a non-functional unit of property to operating condition; (2) it replaces a major component or substantial structural part or set of parts, or (3) it restores property after the end of its class life to a like-new condition (as defined in either a federal regulatory guideline or the manufacturer’s specifications. Discussion on how to identify and examples will be shared.