Investment in capital items such as computers, furniture, equipment and cars can cause confusion for small business owners. Since these are purchases that affect the cash flow of the business, it seems that they should be accounted for as expenses just as you would reflect office supplies or rent. There are however special rules for any acquisitions that qualify as “fixed assets”.
Accounting and Tax Treatment of Computer Hardware and other Fixed Assets
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4457 days ago
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