How are ya’ll classifying the transactions related to the make ready costs in regard to new trailers?
There are three main purchases I’m not sure how to handle which are porches / steps, skirting, and setup / anchoring costs.
Are you expensing those purchases out on the P&L or putting them on balance sheet? If you are putting them on them balance sheet, what GL account are you using?
Do you lump those costs in to the home or is there a separate line they you place them?
In my opinion although those transactions are less than $2500 separately, they collectively add up to more than $2500 and she be included with the value of the home.
In the event we have to replace skirting on a single home or porch in the future, we would just expense it out.