Capital vs revenue expenditure
How to decide whether a purchase should be treated as a capital asset or an immediate expense — and the tax implications of getting it wrong.
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How to decide whether a purchase should be treated as a capital asset or an immediate expense — and the tax implications of getting it wrong.
How to record the sale, scrap or part-exchange of a fixed asset in AccBooks — including profit or loss on disposal and capital allowances implications.
Straight-line vs reducing balance depreciation — how each method works, when to use each one, and how AccBooks calculates and posts the charge.
How to set up and maintain your fixed asset register — adding assets, tracking cost, accumulated depreciation and net book value.