This classification is rarely used, having been superseded by such other asset classifications as Buildings and Equipment. For example, a business spends £5,000 on upgrading the manufacturing machine to improve its efficiency. Therefore, the company would record the machine at £110,000 as the initial cost. Despite the fact that upgrades might be costly, they are […]
Monthly Archives: August 2023
It’s also for people who have explored other personal finance apps before and have been dissatisfied with them. Quicken Simplifi has only been around for a few years, but we’re impressed by how fast it has grown into an excellent app. A concise and helpful dashboard gives you an overview of your finances. Innovative views […]