Expenses re purchase of car

Expenses re purchase of car

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We have a client who lives on the Isles of Scilly but had to travel to the mainland to buy a new car. Should we treat his travel costs as capital or revenue?

Thank you
Neil

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By AnonymousUser
04th Jul 2007 15:56

Revenue
How would you treat the costs if they were to purchase a new machine?

I think they are definitely revenue costs.

Where would you capitalise them if you wanted to treat them as capital?

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