Accounting for IPOD/NAS drive/ LCD TV query

**r0bly0ns** · 27 September 2007, 19:20

in order for it to qualify as a business expense and not attract any BIK tax it has to be soley for business use.

I think it would be incredibly hard justify an Ipod and a TV in your bedroom if you were audited

**Sockpuppet** · 27 September 2007, 20:03

Originally posted by css_jay99 View Post

2) whats the accounting treatment of a NAS drive(costing btw £400 -£650), Do I have to classify it as a fixed asset (hence no effect on P&L) and the depreciated yearly (at what rate?) OR can i just write it all off as a business expense

I'd say fixed asset and depreciate over 3 years. You could also do 40% reducing balance for 3 years (last year being enough to write it off to zero).

With the others dont take the piss.

**css_jay99** · 27 September 2007, 21:13

The 23" LCD TV while in the bedroom is also connected to my pc, so I do use it as computer monitor 50% of the time the TV is in use. However the base unit is not a fixed asset of the company.

can i still put the LCD monitor as a Fixed asset or its still just taking a piss. I'll leave the Ipod out

css_jay99

**r0bly0ns** · 27 September 2007, 21:52

If you genuinely use it for work 50% of the time there should be no problems with claiming some of the cost. Or claiming all of it and paying BIK on a proportion of the cost.

Speak to an accountant for the rules on this

**Sockpuppet** · 28 September 2007, 04:28

Originally posted by css_jay99 View Post

The 23" LCD TV while in the bedroom is also connected to my pc, so I do use it as computer monitor 50% of the time the TV is in use. However the base unit is not a fixed asset of the company.

can i still put the LCD monitor as a Fixed asset or its still just taking a piss. I'll leave the Ipod out

css_jay99

Do you work from home? A normal monitor yes, a LCD TV is a little harder to justify.

**css_jay99** · 28 September 2007, 06:24

I dont work from home.

Best to be safe than sorry !.

I'ld leave the TV out and charge for the NAS drive. Why depreciate over 3 yr period?. Is this the general period for computer hardware. Also why Reducing balance as opposed to straight line depreciation ?

cheers

css_jay99

**Sockpuppet** · 28 September 2007, 07:40

Well you depreciate over what ever period the item will be used for.

If you think that you are only going to use it for 10 years before a replacement is needed then you depreciate it over 10 years. 3 years is seen as a standard replacement cycle for computers (unless you need bleeding edge technology).

Reducing balance more accurately reflects the depreciation of the assets but is harder to work out.

E.g. 10000 x 40% first year = £4000, second year it is 40% * £3200 last year you would do £2800

**css_jay99** · 28 September 2007, 07:51

thanks very much

css_jay99

**BoredBloke** · 28 September 2007, 07:58

Why didn't you just buy a norml big monitor and a tuner card for the PC. Then you could run both through the books as hardware.

Accounting for IPOD/NAS drive/ LCD TV query