---
title: How do we financially classify new roof project on our books?
description: Condo Association had major roof damage. Received a check from Insurance Company. Roofs have no book value. Whats proper way to record theses transactions.
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [How do we financially classify new roof project on our books?](https://www.condoassociation.com/blog/how-do-we-financially-classify-new-roof-project-on-our-books)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Tue, Jul 23, 2019 @ 01:25 PM

Our Condo Association had major roof damages from a tornado. Have received a check from the Insurance Company . We will have the roofs repaired over the next few months. The Roofs have no value on our books. What are the proper way of recording theses transactions.  Beavercreek Ohio.

[View full post](https://www.condoassociation.com/blog/how-do-we-financially-classify-new-roof-project-on-our-books)

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