Purchase of Data Base
I am purchasing a data base at a cost of $9900, wondering how I should record it? As a capital purchase or just as a marketing expense? TIA
Forum Discussion
Hi JoanneD007,
I get that you're looking for advice on how to record purchasing a database. If the database is going to be a long-term asset for your business, you can record it as a capital purchase. On the other hand, marketing expenses are usually short-term costs to promote your products or services. But to be sure, it's best to check with your accountant for advice that's specific to your business needs.
Feel free to get in touch if there's anything else I can assist you with.
Cheers,
Princess
