I did leave out the assets bit of holding stock (in the interest of
brevity) - I believe that (at least down under) assets like this are
calcuated in the tax assessments. I remember a large quantity of parts
going in the skip last time we had a big cleanout at work (we no longer
did component-level repairs at that point) for this reason.
davidt
On Sun, Dec 15, 2013 at 07:48:16AM +0000, Chris Barker wrote:
> Not only those costs, David, but modern business must account for the
> cost of assets. I'm sure that inventory is considered current assets,
> but there will be a notional cost nonetheless, I'm sure (an accountant
> will correct me on this . . .)
>
> In the late 90s the British Government decided that each department
> would have to pay the cost of capital from its budget. So each
> department had to tot up their total fixed assets, a major task in
> itself, and pay the cost of capital each year. I believe that it's
> called resource accounting and budgeting (I'm sure that the same
> accountant will correct me on this . . . ;-)).
>
> Chris
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