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Capital Expenditre

AdamAdam New MemberRegistered Posts: 13
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

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    I would just post the amount paid to the fixed asset account.
  • pinksponkpinksponk Feels At Home Registered Posts: 57
    So would I
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