Is a laptop considered a fixed asset?

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Katheryn Christiansen asked a question: Is a laptop considered a fixed asset?
Asked By: Katheryn Christiansen
Date created: Sat, Apr 24, 2021 7:38 PM
Date updated: Sun, Jun 26, 2022 6:54 PM

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If the laptop cost $1,000 or more, it would meet the capitalization threshold and therefore it would be coded to fixed assets (on the balance sheet).

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