/biz/ - Business & Finance

[Anonymous No.16277786]

Question for accounting-minded anons.

I like to keep a spreadsheet delineating all my finances. I just bought a winter jacket today for $1,000.00. I'm debating whether to expense the whole thing or capitalize some of it.

Assuming I keep it in mint condition with great care, even after usage, would it be fair to capitalize $400.00 of it and expense the rest? Good brand (Rudsak), I live in Canada (bad winters) and it supports temperatures down to -30 degrees celsius.

I guess it especially helps if any of you know the used jackets market. Would greatly appreciate it.

[Anonymous No.16277831]

>>16277786
>spending $1k on a coat
>not getting superior dollar to value with summit ice

https://www.youtube.com/watch?v=myXbLhPli0g
sage.

[Anonymous No.16277838]

>>16277786
You're probably the only one here who keeps a real spreadsheet. Most people here are just retards who "invest" in whatever shitcoin is being shilled.

[Anonymous No.16277881]

>>16277831
It doesn't look warm to be honest. If they mentioned fill power and exactly up to what temperature it supported and had ample reviews to attest to the temp's suitability, I'd return mine and buy that (the marketing is hilarious and I appreciate it).

[Anonymous No.16277905]

I would put it as an expense in order to disincentivize myself from wasting money in future.

[Anonymous No.16277922]

>>16277905
Nothing that looks like it would last 10 years (and I do make my stuff last 10 years) + supports Canadian winter temperatures is significantly cheaper. Want to show me a viable alternative?