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capital improvement

    0.02 sec.
capital improvement

See capital expenditure.


Capital Improvement
An improvement made to extend the useful life of a property or add to its value. Major repairs such as the replacement of a roof are capital improvements. The costs of capital improvements to business property must be capitalized and may be depreciated.


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New York Midtown Corp has developed a capital improvement plan and already has begun renovations of the building.
The debate on the national stimulus plan appears to be ending, and new funding for infrastructure and capital improvements such as roads, will be a large part of the program.
The finance officer can also expand the capital improvement program formulation so it is not just a project-funding exercise, but rather a strategic plan that aligns projects to overall jurisdictional goals and strategies and works to complete projects that encompass the right scope at the right time.
 
 
 
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