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Post Info TOPIC: Directory buying Older Company Fixed Asset
Ridesy


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Posts: 79
Date:
Directory buying Older Company Fixed Asset
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Hi,

Question not come across before.

We have a couple of older PC's (one desktop and one latop) that are over three years old and are no longer actually used by staff.

These have been depreciated in accounts to zero as we do a straight line 1/3rd per year as most computers are defunkt well before three years.

The PC in particular is however perfectly functional and one Director is asking if he can take this home for kids to use for internet browsing etc.

Question is whether this OK? Should he pay a nominal amount for the PC to keep Revenue happy, or as it is unused now and written off in assets, does it matter?

Just questioning, as this is a director and shareholder?

Thanks for replies.

Ridesy



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Shamus


Forum Moderator & Expert

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Posts: 11981
Date:
Permalink Closed

Hi Jeremy,

drop me a private message on this one. I'll post an answer on the site after we've chatted.

kind regards,

Shaun.

__________________

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.
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