Capital Expenditre

Adam
Adam Registered Posts: 13 New contributor 🐸
edited 12:09PM in AAT member discussion
If you purchase a new asset and you receive a settlement discount should the figure entered onto the balance sheet for the fixed asset include or not the settlement discount?

Comments

  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
    I would just post the amount paid to the fixed asset account.
  • pinksponk
    pinksponk Registered Posts: 57 Regular contributor ⭐
    So would I

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