A start up company have an invoice which has a number of computer additions on - included on the invoice is 'project labour' the cost of installing the computers etc. Can this be capitalised as well along with the equipment? Or does this need to be shown in the P+L.
Thanks,
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I would include it, as the cost of bringing the computers into the condition for use.
The caveat being that the numbers are not massively weird.
Ie: Provide laptop £700, install software and set up network £100 - total cost £800.
In a similar fashion, I include the cost of signwriting etc on company vehicles.