Although the building is listed on the National Register of Historic Places (a heritage asset), renovations that support current operations and serve general purposes (e.g., office upgrades) are considered capitalizable or expensed under general property, plant, and equipment (G-PP&E), not stewardship or heritage classifications.

Stewardship or heritage classifications apply to assets whose primary purpose is historical preservation, not ongoing operations.

Relevant References:

FASAB SFFAS No. 29 – Heritage Assets and Stewardship Land

FASAB SFFAS No. 6 – General PP&E Accounting

OMB Circular A-136 – Capital Asset Guidance

Answer: D. general property, plant and equipment expense