How is delivery and set up of a new or used home being brought into a park treated for accounting purposes? Is this considered an expense or does this have to be depreciated over 27.5 years as part of the home cost?
I feel it should be classed as transportation cost and expensed but this may not be realistic. My CPA feels it should be depreciated. Parks in my area offer to pay this cost to acquire new homes and class it as a marketing costs for customer acquisition, which of course would be an expense. I’m all for using my “park entity” to pay this marketing cost for my “home sales” entity.