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Post Info TOPIC: CD's - Assets , Capital or Expenses
Carrie


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CD's - Assets , Capital or Expenses
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Hi

Sorry this may be a silly question but I have taken on a DJ,  who gigs in local Clubs and also has a slot on a well known  radio show. He purchases CD's, which go into his collection for use on the gigs and the Radio. I am inclined to add them as Assets as without them he cannot generate income.  They could also  just be expensed ......any thoughts ladies and gentlemen?

 Thanks

Carrie



-- Edited by Carrie on Wednesday 19th of October 2011 07:37:08 PM



-- Edited by Carrie on Wednesday 19th of October 2011 08:07:33 PM

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Shamus


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Hi Carrie,

I don't have any DJ's myself but here are a couple of links for you to check out from those clever people over on accountingweb :

http://www.accountingweb.co.uk/anyanswers/dj-capitalise-cost-cds-or-write-against-profits

http://www.accountingweb.co.uk/anyanswers/cds-capital-or-revenue-expenditure

HTH,

Shaun.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Carrie


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Hi Shamus

Thank you very much for those links, they are very helpful indeed. smile

Regards

Carrie



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