Hi All,
It's and old question but still not clear for me.
I asked arround and few people said that I cannot put my Computer as expense (which would be great as it's and expensive one). They said I must depreciate it over years. Let's say 2 years.
What happens after 2 years? Should I put it to bin?
And next thing is how technically should I do it (in quick books) for example, if I will use Depreciation? I've heard it needs to be done in December.
-Soletrader
- Vat registered
- Computer is used in the business as a main tool (designer)
Thanks for any suggestions!
It's and old question but still not clear for me.
I asked arround and few people said that I cannot put my Computer as expense (which would be great as it's and expensive one). They said I must depreciate it over years. Let's say 2 years.
What happens after 2 years? Should I put it to bin?
And next thing is how technically should I do it (in quick books) for example, if I will use Depreciation? I've heard it needs to be done in December.
-Soletrader
- Vat registered
- Computer is used in the business as a main tool (designer)
Thanks for any suggestions!