Question
Assume that ICON company runs a business as an internet provider. Explain whether the following expenditure should be recognized as an asset or expense. a.
Assume that ICON company runs a business as an internet provider. Explain whether the following expenditure should be recognized as an asset or expense.
a. Expenditures to move two standard sized server boxes so that the hall can be used to shift large sized internet server boxes.
b. Expenditures to repair damaged floors due to a new server box collapsing while being installed.
c. Expenditure to buy a calculator for Rp 450,000.
d. Expenditures to lease fiber optic networks for 20 years including maintenance.
e. Expenditures for equipment repair. The need for the repairs was found shortly after the equipment was purchased. There is no guarantee from the seller for the equipment.
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