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April 5, 2019
Question

What expenses are they?

  • April 5, 2019
  • 1 reply
  • 0 views

If company purchased accessories for company van like van chair or van wrap, do they belong to auto expense?

Office snacks or drinks, team lunch, annual dinner, no employer involved,  can I put them under office expenses? 

 

1 reply

Rustler
April 10, 2019

@Ivy2019 wrote:

If company purchased accessories for company van like van chair or van wrap, do they belong to auto expense?

 

it depends

 

If the chair and wrap were part of the initial purchase, then they are part of the cost of the fixed asset, van.

 

If the chair and wrap were purchased after you already owned the van, then they are an expense

 

Office snacks or drinks, team lunch, annual dinner, no employer involved,  can I put them under office expenses? 

 

Yes