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Purchases of a tent for markets

AV
11/12/2023
Question

On Friday, I will be state at a Christmas market for the first time. I have purchased a tent for this purpose, which I will also use for other markets and fairs. Under which item should I record this tent? Should I record it as depreciation or simply as a one-off cost? The cost price was 280 euros for the tent and 45 euros for the accompanying lighting.

Thank you.

In theory, I think you can start thinking about depreciation, but the amount is still quite small. If you can still use the costs for your taxes this year, I would say: enter it directly as an expense.

"Miscellaneous small purchases" as a cost category?

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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