Auction Expenses | AccountingWEB

Auction Expenses

When a capital item (e.g. Plant, vehicle etc) is purchased at auction and a buyers

premium is charged by the auctioneer, how should this be treated? Does it form part of

the cost of the item (capital) or can it be treated as a revenue expense and if so, how

should it be categorised?

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There's probably a definitive treatment outlined somewhere but..

woodsntrees |

Why not?

neileg |


petersaxton |
petersaxton's picture