Fixed assets shall be recorded at historic cost or, if the price isn’t readily determined, at estimated historic costs. All prices shall be documented, together with methods and sources used to determine any estimated prices. In the case of gifts, the mounted asset must be recorded at fair market value at the date of receipt. “Median spend on master rest room remodels, the third hottest room to renovate, grew by 14 percent,” says Sitchinava. Homeowners want spa-styled bathrooms with natural gentle, open showers, and bathtubs that make you want to soak for hours.
“Median spend on visitor bathroom remodels, the most well-liked sort of toilet to renovate, grew by 17 percent,” says Sitchinava. Below, Freshome breaks down the most well-liked rooms to remodel, together with Houzz’s median cost knowledge and the percentages of house owners who did a transform vs. an addition.
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