USA Initial cost of UPC codes - capitalize or expense?


Joined
Jun 14, 2019
Messages
1
Reaction score
0
Country
United States
Hello
We have a small business that we are just starting. We obtained a set of UPC codes from the GS1 organization. The initial fee was $750. There will also be a yearly fee to keep the barcodes active. I believe the yearly fee will get expensed as a cost of doing business. I am not sure how to handle the initial fee. Any suggestions on whether to capitalize or expense?

Thanks for any thoughts.
S
 
Ad

Advertisements

kirby

VIP Member
Joined
May 12, 2011
Messages
1,744
Reaction score
231
Country
United States
Sending you message. Click on the envelope icon at top of page
 

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

Similar Threads

UPC code 3
bar code / upc 1
UPC Bar Codes 3
Bar codes in UPC 2
UPC Codes---ARG help 4
How to Auto UPC codes? 1
EAN-13 UPC codes 1
How to add UPC Codes 9

Top