Question: Good day po. I have a query po regarding proper asset classification. I’m a bit confused regarding the appropriate account to be used for a paper trimmer/cutting machine worth Php 10,000.00. How do you classify that po — is it office supplies inventory (as non consumable) or is it semi-expendable office equipment?
Ano po yung criteria for recognizing an asset that divide the line between semi- expendable property and office supplies inventory (non consumable) ?
Thank you po for your responses.
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