Capital or Revenue Expenditure

Capital or Revenue Expenditure

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Hi Everyone

My client is a satellite Engineer. Recently he has come up with a design of a new ladder. He has incurred Costs of £4000 in terms of searches and patent registration. I am unsure as to how these costs should be accounted for.

Regards

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By Zam23
10th May 2015 23:39

capital
Intangible assets

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By pawncob
11th May 2015 11:27

Business?

Firstly decide whether this is in any way business related.

It looks like a personal matter, which may develop into another business.

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