Refurbished Account

JORDAN (ACCOUNTANT (GENERAL)) (24 Points)

15 May 2023  

I have bought old restaurant on lease and I have spent money on refurbished of restaurant like plumbing, electrical, Tiles , lights and other expenses for long time.

So please give me advice for accounts entry.

Example

Repair and Maintenance (Asset) Dr.

Cash.   Cr.

This entry is right or wrong and what will depreciation value?