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Used laptops purchase
can i treat the purchase of used laptops in companies as fixed assets or do I have to treat this under business expense?
Replies (3)
I can provide you with some general guidance.
If the used laptops meet the criteria for fixed assets, you can treat them as such Fixed assets are long-term assets that are used in business operations and have a useful life of more than one accounting period.
If there life is more than a year then show them in fixed assets
One year is not the only criteria.
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