Wednesday
November 26, 2014

Homework Help: Finance

Posted by Anne on Friday, December 3, 2010 at 1:11pm.

A non-profit hospital's asset definition is >$1500, but they want to buy 10 chairs at $200 each - for a total purchase price of $2000. The useful life of the chairs would be 15 yrs, per AHA guidelines. Can this purchase be capitalized & depreciated over the life or must it all be expensed in the current year?

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