Query re recording a computer purchase as a fixed asset

[MP99]

We took out an extended warranty + accidental damage insurance (three years)
at the same time we purchased the computer, paying up front.

I hadn't planned to include that in the Fixed Asset, but now I wonder
whether I should, since it increases the likelihood that we will still have
a saleable asset at the end of three years. And it presumably has a value
throughout the three years that it is in force.

cheers, Martin



John R. Sowden wrote
> Just a comment regarding spreading sales tax and shipping separately.  
> Your depreciation schedule is used by the county property tax people 
> during an audit.  The asset value is supposed to include all costs 
> associated with putting the asset into service. For example a friend 
> bought a rather large paper cutter (about a 6' bed) for $600.00, but to 
> get it from a high floor in a tall building in San Francisco to his 
> printing plant, cost several thousand dollars.  That is included in the 
> value of the "installed asset".
> 
> John





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