The small company I work for keeps making trade for services in exchange for construction projects.
Last month they traded services in the amount of $XXXX for a small construction project which was added to capex account and depreciated (straight line).
Cash Cr
Asset Dr
Acc Depr Cr
Dpr Exp Dr
This month they traded services for the same project which means I need now to revise initial cost and depreciation line. What is the best way to record this?
Last month they traded services in the amount of $XXXX for a small construction project which was added to capex account and depreciated (straight line).
Cash Cr
Asset Dr
Acc Depr Cr
Dpr Exp Dr
This month they traded services for the same project which means I need now to revise initial cost and depreciation line. What is the best way to record this?