Building hire equipment capital accounting

Scuba_Dog

Free Member
Oct 19, 2021
1
0
I am currently considering moving my trading practices from electrical installation to machinery hire.

The machines that I am considering would be built by ourselves and then hired to customers.

I have read that these hire units would treated as capital assets. What I am wondering is how the capital would get calculated for something we have built ourselves. Is it the actual cost of the capital expense, or the market value of the asset once it has been built?
 

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