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?
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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