Capital asset purchases
- How to record the purchase of a capital asset when using accruals basis accounting
- How to record the purchase of a capital asset using multiple transactions
- How to record a capital asset with a long useful life
- How to record a capital asset that doesn’t depreciate
- How to record the purchase of multiple capital assets with one bank transaction if you’re on the VAT Flat Rate Scheme
- How to record the purchase of a capital asset when using cash basis accounting
- How to record the purchase of a capital asset before your business’s start date
- How to record the purchase of a capital asset between your business’s start date and FreeAgent start date
- How to record the purchase of a capital asset for business and personal use