record this amount in the small tools account

By admin / April 18, 2020

In March when entering the Visa bill, you notice a rather large charge on the Visa. Mr. Cutter asks you to record this amount in the small tools account. You do so but wonder if this amount should not have been capitalized. You are especially concerned as this is not the first time you have been asked to expense something that you believe should have been capitalized.

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