Definition of leasehold improvement in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is leasehold improvement? Meaning of leasehold improvement as a finance term. What does leasehold improvement mean in finance?
Improvements made by tenants to leased premises.The cost must be depreciated over a 39-year term,even if the lease will last only 5 years.At the end of the lease term, the tenants then write off on their taxes all the remaining undepreciated balance. For a short period of time between ...
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