As I understand it, small assets ($500 or less) can be written off in the year of purchase.
Nonetheless, how is it accounted for?
Put in the depreciation schedule and written off @ 100% in the year of purchase?
Or should there be some separate expense category where such things go?
Nonetheless, how is it accounted for?
Put in the depreciation schedule and written off @ 100% in the year of purchase?
Or should there be some separate expense category where such things go?
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