Office Space Reno Cost RM1mil
= RM 100,000 per year
RM 8,300 per month
In the past office space renovation expenses, under Capital Expenditure (CapEx), has been seen as long term usage. GAAP accounting principles amortizes office space renovation expenditure over 10 years.
RM1mil Office Renovation Expenditure / 2 yrs
= RM 500,000 per year
RM 41,667 per month
This proves problematic when you can only forecast 2 to 3 years ahead. This is very expensive!
How long can you forecast using an office space? If you cannot forecast 10 years ahead, then DO NOT spend on office space renovations!
With DOJO’s Agile Office, save on office space renovation expenditure (CapEx) and just pay a monthly fee. Use this savings to invest into growing your business instead!