What is common practice for recording fit out costs in the non current asset register of a large organisation for items such as PCs or office equipment? for example if the company spends >1mill on these items for a new office, Would you lump all the desks (for example) together in the accounting system, or would you be expected to account for disposal of these individual items as such events occur? or would you expect this to be accounted for in depreciation?
or if you included each type of asset as one asset id in the accounting system, could you review any disposals annually and write down the asset value to account for any disposals?
or if you included each type of asset as one asset id in the accounting system, could you review any disposals annually and write down the asset value to account for any disposals?
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