Trademarks and depreciation

[Standby]

Hello,
Company has reserved their logo, full cost with 10years protection is around £150. Should it be accounted as intangible assets or could be include in cost(low value) ?
If intangible assets - just to confirm - it should be depreciate for 10 year - is there any WDA for this type of assets in Corporation Tax?

Thank you in advance!

 

[MyAccountantOnline]

Hello,
Company has reserved their logo, full cost with 10years protection is around £150. Should it be accounted as intangible assets or could be include in cost(low value) ?
If intangible assets - just to confirm - it should be depreciate for 10 year - is there any WDA for this type of assets in Corporation Tax?

Thank you in advance!

I wouldn't generally capitalise expenditure of £150.

 

[David Griffiths]

I wouldn't generally capitalise expenditure of £150.

Depreciation of £1.25 per month for ten years! Why not?!

 

[MyAccountantOnline]

Depreciation of £1.25 per month for ten years! Why not?!

 

[UK Contractor Accountant]

CIRD10120 - Intangible assets: introduction: capital versus revenue distinction no longer crucial - HMRC internal manual - GOV.UK

www.gov.uk