How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Megan C Your Own Question
Megan C
Megan C , Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16539
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
23669918
Type Your Finance Question Here...
Megan C is online now
A new question is answered every 9 seconds

Hello, Need a quick policy for capitalization of assets.

Resolved Question:

Hello, Need a quick policy for capitalization of assets. Could you direct me to generic type. We generally follow expensing anything under 1,000 as well as all computer equipment under 5000, maintenance (replacement parts) of manufacturing equipment over 5000. Thanks
Submitted: 2 years ago.
Category: Finance
Expert:  Megan C replied 2 years ago.

Megan C :

Thank you for your question, and thanks for using JustAnswer.com

Megan C :

Could you clarify exactly what you are looking for? What you have stated sounds like a policy

Customer:

I guess I am looking to validate that the parameters we use pass accepted accounting policies?

Megan C :

Yes, that sounds correct. It sounds like most the companies that I have worked on

Megan C :

Here's a good article on the topic:

Megan C :

http://wiki.fool.com/Fixed_Asset_Capitalization_Policy

Customer:

Thanks, great

Megan C and 2 other Finance Specialists are ready to help you
Expert:  Megan C replied 2 years ago.
Thanks Paula for your positive rating. Please come back and visit me any time you have a question that needs answered. It was a pleasure working with you today

Related Finance Questions