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No, equipment is not considered an administrative expense. Instead, it is classified as a capital asset on the balance sheet and is typically subject to depreciation over its useful life. Administrative expenses generally include costs related to the general operation of a business, such as salaries, office supplies, and utilities, rather than the purchase of physical equipment.
What else can I help you with?
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
Are utility expenses a selling or administrative expense?
an Administrative expense
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
Is royalty selling or administrative expense?
administrative
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
Are utility expenses a selling or administrative expense?
an Administrative expense
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
What is kind of operating expense is depreciation selling expense or general administrative expense?
Examples of operating expense ==> depreciation expense of a machine, impairment of goodwill Example of selling expense ==> advertising Example of general administrative expense ==> office expense
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
Is an administrative expense an operating expense?
yes
Is royalty selling or administrative expense?
administrative
Depreciation expense of building is a administrative expense or a selling expense?
selling expense
Is advertising a selling expense or an administrative expense?
selling
Is credit card fee expense a selling or administrative expense?
selling expense.
Is advertising a selling or Administrative expense?
Advertising is a selling expense
Is depreciation expense under administrative expense?
Depreciation expense can be allocated to Administrative Expense or Selling & Marketing Expense or even to Cost Of Goods Sold. The amount of allocation and how that is done is specific to the type of business or industry.
