Computer and automation accessories are recorded as assets or consumable expense please explain?

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What is the nature of Purchase ? Asset or Expense ?
Posted by:
Barkat Ali
12-June-2016

Assets Recovery

Question added by RASHID MUNIR , Assistant Accountant , EL SEIF ENGINEERING CONTRACTING LTD
Date Posted: 2016/01/04

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1 Answers

by Imran Ahmad , Planning Lead , TRSSC

These are recorded as Consumable expense because of these are not final products of a production unit but these required for operational purposed.

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