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Fixed asset

HevB · 2010-10-18 16:41:49

Hi there I purchased a camera for €2500 and have recorded it as a fixed asset which I understand is correct. Does the price of the camera not come off my profits? Thanks

18-10-2010 4:41pm

#1

HevB

Closed Accounts Posts: 12 ✭

Join Date: October 2010

Posts: 7

Hi there

I purchased a camera for €2500 and have recorded it as a fixed asset which I understand is correct. Does the price of the camera not come off my profits?

Thanks

0

Comments

#2 18-10-2010 4:43pm

nompere

Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭

Join Date: December 2006

Posts: 1647

No - but you claim capital allowances of 12.5% of the cost each year for the next 8 years.

0
#3 18-10-2010 4:52pm

HevB

Closed Accounts Posts: 12 ✭

Join Date: October 2010

Posts: 7

Thank you

0