Hey Peter, quick question. I am looking to enter the cost of purchasing a van for the business. What category does it go into?

Hey Peter, quick question. I am looking to enter the cost of purchasing a van for the business. What category does it go into?

  1. I assumed motor vehicle expenses is for running costs etc.

1 answer

Peter Connor Staff February 11, 2017
Public

God I’m not sure. Whatever one you feel is appropriate. grinning

#answer-4809
  1. Its only Office or Computer equipment that are assets though right?
  2. Peter Connor February 11, 2017
    Anything can be an asset it all depends on how you want to treat it or how you purchased it.
    Your accountant will better understand your situation and therefore advise.

Please login or Register to Submit Answer