The company received an invoice in April 2012 in the amount of $10,000 for participating in a marketing event, which takes place in May 2012. The invoice has only one line charge - $10,000. In addition to May 2012 event participation, the company will get access to LinkedIn database of some sort of customer list, a seat in another event in November 2012 and some other goodies.
Question: How to account for $10,000?
a. Expense all in May 2012 ?
b. Or somehow, allocate the cost also to future event and access to Linked IN ?
Thank you.
Question: How to account for $10,000?
a. Expense all in May 2012 ?
b. Or somehow, allocate the cost also to future event and access to Linked IN ?
Thank you.