*** some equipment useful life not clearly.It's can or can't use more than one period.
often book in expense (our company account code production expense/sundry/other)
don’t book in minor fix asset because don't hi-light for check.
if auditor found and have opinion not expense it's fix asset they submit to company.
- adjustment transaction
- add back CIT
*case company confirm book in expense (company must accept the risk for the future)
when aditor and revenue found or queries. We can explianed "not over one period", "broken to easy"
however, should be set standard for booking. mostly the company set up policy minimum price for fix asset.
our company minimum THB20,000 high price for thailand.