Office equipment posting

[Newchodge]

Very basic question, sorry.

I have just bought a new keyboard. (See keyboard+fruit juice thread). Very low cost item. I automatically categorise it as office equipment but this makes it a depreciable asset. As the new value is under £20 it seems wrong. So how should I allocate it?

I nearly asked where I should put it, then realised that would be asking for trouble.

 

[AstEver]

I nearly asked where I should put it

You should put it where there are no liquids.

 

[NicoJ]

I usually have an office consumables code or alternatively stationery. Defo not a depreciable asset.

 

[simon field]

Put it where the Sunny D don’t shine?

 

[DontAsk]

Equipment expensed. Even for a whole PC I use that and my accountant is happy.

 

[Numerix Accountancy]

Very basic question, sorry.

I have just bought a new keyboard. (See keyboard+fruit juice thread). Very low cost item. I automatically categorise it as office equipment but this makes it a depreciable asset. As the new value is under £20 it seems wrong. So how should I allocate it?

I nearly asked where I should put it, then realised that would be asking for trouble.

I would categorise it as Equipment expensed.


There is no numerical value in the definition of an asset, so you need to form your own view while complying with relevant accounting standards.

Freeagent suggest > £500 whereas numerous Accountants advise on capitalising only on values > £1,000.
And of course this will further vary depending on the size of the company.

For HMRC, I think it is unlikely they would really care when we are talking about assets of this sort of value as the tax treatment ends up being the same whether you expense them, or capitalise them.

 

[JEREMY HAWKE]

As you can be a danger to all around Cyndy it may be wise to order two and any other spare parts that may need to replacing due to vandalism

 

[Bob Morgan]

Keyboards, Mice and Transformers/Power Supplies go on the 'Consumables' list! I usually keep a stock of them.

 

[Newchodge]

Keyboards, Mice and Transformers/Power Supplies go on the 'Consumables' list! I usually keep a stock of them.

Consumables? As in things you EAT?

 

[Newchodge]

Thanks everyone

 

[jimbof]

My accountants set up Freeagent categories for computer equipment both as expensed items and as capital assets, and I pick whichever seems most appropriate. I recently put a £100 keyboard as a capital asset, but a £10 mouse as an expensed item. They look over my choices when I do my VAT return usually, and prod me on the item if they think it might better be classified differently.

 

[Bob Morgan]

Consumables? As in things you EAT?

'Office Consumables' accounted for in the same way as Printer Ink, Toner, Paper, Stationery, Drawing Pens and Pencils, etc.