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Storage Shed

HaggisHaggis Feels At HomeRegistered Posts: 40
Hi - would really appreciate anyones help with this one please -
My client has bought a large shed to store his work tools in - should I treat this as an asset or include it in his normal business expenses for that year ?
many thanks

Comments

  • mini_schnauzermini_schnauzer Trusted Regular Registered Posts: 347
    What is the value of the large shed and how many years does your client think the shed will last for (temp or several years)

    Answering these 2 questions will help you decide if it is to be an asset or expense.
  • HaggisHaggis Feels At Home Registered Posts: 40
    Hi - he purchased it for £529 - expect to last approx 5 years, thanks
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