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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Antique piece
IS Antique piece asset or expense, i was reading asset defenation and details 1-future economic benefits 2-value
so Antique piece is part of decoration has value but no economic benifit is it a non current asset or part of expense
Well, it’s certainly not an expense! It’s going to be kept at the company’s registered office as part of the furniture, fixtures and fittings and they certainly are assets
