Does anyone know if you capitalize or expense the initial cost for UPC codes. I am guessing the following yearly fees will be expensed. I’m just questioning the initial fees.
Thanks for any info.
Sue
I think you could legitimately capitalize the initial license fee as an intangible asset and write it off over a number of years.
However, is it really materially expensive enough to do this - most businesses will have a limit below which a purchase even of an asset is passed through as an expense
This forum is not the right place to ask this question, as it has nothing to do with the Manager software. Discuss this with your accountant or tax authority.