Question
1, A company purchaesd 50 hole punchers for its office staff.Each hole puncher cost $5 and should in serve for 5 years or more. Should
1, A company purchaesd 50 hole punchers for its office staff.Each hole puncher cost $5 and should in serve for 5 years or more.
Should the cost of these hole punchers be recored as an asset or as an expense?
part 2 Why are advetising costs generally recored as expense, rather than as asset?
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
