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Category: Legal
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Experience:  23 Years as attorney, licensed NY and FL. Former US ATTY.
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Is a fixed asset a capital expenditure especially if that fixed

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Is a fixed asset a capital expenditure especially if that fixed asset is a computer?
Submitted: 7 years ago.
Category: Legal
Expert:  FLACORPLAWYER replied 7 years ago.
Yes. A capital expenditure is an expenditure for something that will give a benefit to the company beyond the current tax year. Normally you hear this phrase associated with the purchase of real estate, like an industrial building, but it also applies to equipment, like a computer.
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