Nagamine & Mishima Accounting Office

Accounting practice since 1989

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Equipments

Equipments

With prices of computer related equipment going down there may be fewer items to book as assets but in case you do book as assets, below are things you need to be careful.

1. Purchase Price
2. Start of Business Use
3. Usage of Accelerated Depreciation
4. Disposal Date

Purchase price of equipment is most important since setup related fees are considered as part of purchase price. Check with your tax accountant so that you do not expense setup fees subject to asset recognition.This is a typical topic during tax audit.

The next important item is the date for start of business use. Just receiving the equipment from the vendor does not allow you to depreciate.

Depending on the time you purchase, there may be accelerated depreciation measures available, so check with your accounting office. Lastly, if you dispose equipments you will need some sort of proof that you had disposed the equipment. Your tax accountant will have ideas what type of documentation is necessary depending on the equipment.

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People are Talking

  • “We are Japanese company that imports and sells ice cream of Glacio, Belgium Company. We already have a ten-years of relationship with N & M.

    We are helped a lot not just for their daily accurate accounting, but for their fast and exact response to our company in Japan that is also extended to local office in Belgium.

    In addition to that, as their staffs always handle and consult our accounting or legal matters positively, N & M is a very reliable accounting office.”

    Ryuji Nozaki

    Glacio Ice Cream Japan K.K.