All Questions
Tagged with amortization assets
3
questions
2
votes
1
answer
76
views
Disposing of hardware item from current assets, is the reduction in assets posted to equity or special loss account?
I'm disposing of an old laptop that is broken and completely unusable. Let's say it was purchased for $1000 before taxes, already been accounted for in Current Assets since the date of purchase, and ...
- 117
1
vote
1
answer
23k
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Does CAPEX include intangible assets?
CAPEX is defined here as funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment.
The video states that "the value of the capital ...
- 223
12
votes
2
answers
7k
views
Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?
I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
- 221