How to account for master copies of films

Good day to all.

 

We have a client whose business is to make films for the education industry and then sell copies to whichever customer (school) is interested in the short films.

I am currently unsure about how to account for the cost of the master copies. I presume these are fixed assets but I am not sure which category these will go to and how to depreciate these assets.

 

Any suggestions will be most welcome. 

 

Thanks in advance.

Comments
There are 8 comments. Login or register to view them.

Intangible assets

WhichTyler |

Slightly different view

George Attazder |
George Attazder's picture

@WhichTyler - I guess what

aaron01 |

Creating their own film v/s purchasing films

aaron01 |

Don't forget

WhichTyler |

BIM 56005...

George Attazder |
George Attazder's picture

Thanks

WhichTyler |

in the good old days

carnmores |
carnmores's picture