What expenses should be included in the hotel's opening and renovation fee and how should it be amortized?

The start-up expenses can be included in the current year's expenses at one time on the opening day, or amortized according to the long-term deferred expenses. Once the method is selected, it cannot be changed. If it is the start-up expenses in 2008, it can be included in the expenses, but the tax law does not allow it to be charged at one time in 2009. It is more cost-effective to amortize in installments as "long-term deferred expenses". Air conditioning should be accounted for separately and depreciated for five years.