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New Member
posted Feb 19, 2024 3:09:22 PM

RMT here. 2023 was my 1st year renting a space so I had expenses for equipment. Are square terminals and sheets considered fixed assets? How do I go about inputting?

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3 Replies
Moderator
Feb 19, 2024 3:18:26 PM

The expense for the bed sheets can go under Line 8811 – Office stationery and supplies, which is for items the business used to provide goods or services.

 

The Square terminal would depend - did you buy it or are you renting it?

 

 

New Member
Feb 19, 2024 3:23:10 PM

Ok thank you! Yes, I bought the square terminal.

Moderator
Feb 19, 2024 3:32:09 PM

The Square terminal can be claimed as a fixed asset under class 50.