5/ Capitalizing Assets
Large purchases like equipment or computers also follow this rule
Say you buy a $1,000 iPhone
You’ll use it for 4 years, so you expense $250/year instead of all $1,000 at once
This process, called capitalizing assets, spreads costs over the asset's life
Andrew Lokenauth
npub105…lu59e
2024-12-28 00:11:23 CET
in reply to nevent1q…7rpz
Author Public Key
npub1050hrq35yxtu64ssp0v2uuwsvwrrtk4zd2g6ml8yrf4wfww4ttgsalu59ePublished at
2024-12-28 00:11:23 CETEvent JSON
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