Ireland Capitalisation of Fixed assets

[Lizzy001]

Hi all,
Does anyone know if there is a materiality threshold as to when fixed assets should be capitalised under local GAAP. Is there specific local legislation that requires capitalisation of Fixed Assets under a certain materiality ??

Any help or guidance would be greatly appreciated.

Thanks

 

[bklynboy]

Its company policy. Not a legal limit. Depends on what is material for your organization.