USA Fixed Asset accounting

Joined
May 30, 2024
Messages
3
Reaction score
0
Country
United States
Manufacturing. Wondering best practice for handling back up equipment that is purchased (over our capex policy). If it's going to have installation costs later, what balance sheet account should it go to if it's not ready for use? The installation costs on this particular item won't be huge, maybe a couple grand, maybe if we determine the install costs are immaterial we go ahead and capitalize it and start depreciating?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,668
Messages
27,641
Members
21,482
Latest member
AnnaMiss76cig

Latest Threads

Top