Plant and Equipment
Question asked by James Cartwright 6 years ago
I've listed some computer purchases for my business under 'plant and equipment' and have noticed that they don't appear in the profit/loss statement. Because they were not in the list i've not put them down as an expense on my tax return. Is there are reason for this?
So basically if i want to write off the computer equipment in a single year rather that depreciating it, should I list it as 'materials' or something else?