Hello,
This is my first time in asking a question on the Forum. I hope someone can help.
I have started a new position within a manufacturing company and one of my tasks is to clean up the fixed asset register and reconcile it against the nominal.
1) Does the amount at the end of year in the Depreciation code in the Balance Sheet match with the Depreciation code in the P&L? I would expect it to agree, but what would be the reason for if it doesn't agree?
2) If we received a grant for software ie APP Software. How would this be treated as an asset?
Any help would be much appreciated.
Thanks
This is my first time in asking a question on the Forum. I hope someone can help.
I have started a new position within a manufacturing company and one of my tasks is to clean up the fixed asset register and reconcile it against the nominal.
1) Does the amount at the end of year in the Depreciation code in the Balance Sheet match with the Depreciation code in the P&L? I would expect it to agree, but what would be the reason for if it doesn't agree?
2) If we received a grant for software ie APP Software. How would this be treated as an asset?
Any help would be much appreciated.
Thanks