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adlinanasir's avatar
6 years ago

Capitalize Expenses

What is the treatment of the payment of an expense that has been capitalize?

1 Reply

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  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    6 years ago

    adlinanasir 

     

    You should be talking to your Tax Accountant.

    It is important to understand why an expense is capitalised.

    Also the ATO has immediate write-off concessions for small business.

     

    An expense that has been capitalised is treated as a Non-Current Asset and depreciated.

     

    Duncan

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