I'm in the process of getting a basic new business identity deisgned - company and product logos, stationery and a holding page web site. Should I account for this as an expense or an asset? I can see how the logos could be an asset, but a stationery design and a non-revenue-generating website look more like expenses. The invoice has a single line so I may be unable to break out the various parts.
A related question is, if some or all of the design is an asset, what are the accepted journal entries for correcting my mistake in accounting for it all as an expense?