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Normally, purchases for supplies and equipment used in the business (not for re-sale) are subject to sales tax. Could vary by state.
AnswerI think you meant to ask if the sales tax was expensed or capitalized. Any sales tax paid on equipment is considered to be part of the cost of the asset. Therefore its both capitalized and depreciated.
What else can I help you with?
What is the journal entry for selling equipment?
no cash dr and sales cr
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
How often is sales tax paid?
Periodically in a business depending on the business you are in.
What is meant by sales forecasting?
Sales Forecasting is the process of estimating what your business's sales are going to be in the future.Sales forecasting is an integral part of business management. Without a solid idea of what your future sales are going to be, you can't manage your inventory or your cash flow or plan for growth. The purpose of sales forecasting is to provide information that you can use to make intelligent business decisions.
Do you have to charge sales tax on the merchandise you sell in a home business?
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.
Do you pay sales tax in pa on computer equipment you use to service clients i.e answering service business?
Yes, slaes tax is due for business computers. The tax can be added to the amount of the purchased computers and be capitalized as a Fixed Asset. Therefore, you can take depreciation on it and the price of the equipment on your taxes.
What were network equipment and facilities sales in 2001?
Network equipment and facilities sales were $41.0 billion in 2001
What were Voice and data equipment sales in 2001?
Voice and data equipment sales were $98.0 billion in 2001
Definition of derived demand?
Derived demand - sales of business products that frequently result (or derive) from the sales of consumer products. Example, consumer demand for Ford cars increases, the company may increase its demand for paint spraying equipment ( a business product).
What products does the German business Telefunken manufacture?
The German corporation of Telefunken manufactures and sales various apparatus related to television and radio. They have been in business since the dawn of this type of equipment.
Is sales commission capitalized?
No. It is not the name of a specific person, place, or thing.
What were the sales figures for baseball and softball equipment?
Combined sales of baseball and softball equipment were $303.1 million in 1998.
Why is physical resources important?
It is important becasue the business needs to ensure the equipment are correctly fitted and products are highly standard so that the business increases sales. If the business fails to do so it can lead to loss of customers waste of products and failure of business
What are some companies that offer business to business sales lead services?
There are many companies that offer business to business sales lead services. Some of the companies that offer business to business sales lead services are Dow Jones and Strategic Sales & Marketing, Inc.
When do capitalize sales reps?
It should be capitalized if it directly precedes someones name.
Is this sentence correctly capitalized George is the leading sales representative in the Western Region?
Yes, the sentence is correctly capitalized. The proper nouns "George," "Western Region," and "Region" are all capitalized.
What were the sales figures for tennis equipment?
Sales of equipment dropped from $318.7 million in 1997 to $313.2 million in 1998. But in 2002, along with the general rise in interest in physical fitness, tennis equipment sales went up.
