In terms of ££ value only, when is a company purchase classed as an asset?
ie my company buys a computer for £1,500 - it shows up as an asset.
However if my company then buys an el cheapo printer the next week for £60, is this also an asset, or is there a capital value threshold, below which the purchase can be classed as an expense.
ie my company buys a computer for £1,500 - it shows up as an asset.
However if my company then buys an el cheapo printer the next week for £60, is this also an asset, or is there a capital value threshold, below which the purchase can be classed as an expense.
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