Capitalizing: Capitalizing improvements on leased equipment?
Since you are in Canada I suggest you get with a tax accountant
In the US, the major improvements would be their own fixed asset account as a sub account of the vehicle and subject to their own depreciation
That said, whether or not you can take depreciation on a leased vehicle […]
Resolution for 'Capitalizing issue: 'Capitalizing improvements on leased equipment?' available: Yes.
The Capitalizing issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Capitalizing issue yourself by looking for a resolution described in the article. If it is a complex Capitalizing issue or you are unable to solve the issue, you may contact us by clicking here or by using other Capitalizing support options.
For more information about resolving issues related to Capitalizing in Quickbooks/QBO or to get support for the issue 'Capitalizing improvements on leased equipment?', click the link below: