Instant asset write-off / Assets not showing on balance sheet
Hi We have purcahsed an asset and we would like to claim instant asset write-off. I spoke to the accountant and I was told to record it as asset then they will do the depreciation on tax return. I just check the balance sheet to see if the new asset has been recorded correctly but I can't find it on BS. Is this the correct journal entries? Can somebody please shed light, please?
