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mikidzmimi24
Level 2
posted
‎January 18, 2021 10:38 AM
last updated ‎January 18, 2021 10:38 AM

Should new equipment that will be depreciated be an Other Asset? How do I handle the transaction that paid for equipment?

should this equipment be a transfer to Inventory Asset?
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Best answer January 19, 2021
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Rustler
Level 15
‎January 19, 2021 04:48 AM

Should new equipment that will be depreciated be an Other Asset? How do I handle the transaction that paid for equipment?

Equipment that will be depreciated are always fixed assets, with an associated fixed asset account called accumulated depreciation- asset name

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1 Comment 1
Rustler
Level 15
‎January 19, 2021 04:48 AM

Should new equipment that will be depreciated be an Other Asset? How do I handle the transaction that paid for equipment?

Equipment that will be depreciated are always fixed assets, with an associated fixed asset account called accumulated depreciation- asset name

Reply Join the conversation
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