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tamayowut
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Is the purchase cost of asic miners added under start up cost or business assets or both?

 
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Is the purchase cost of asic miners added under start up cost or business assets or both?

Durable goods that are intended and expected to last more than one year are assets and, as such, are capitalized and depreciated over the applicable recovery period once the business is open for business. In other words, the cost of assets are generally not start-up costs.

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Is the purchase cost of asic miners added under start up cost or business assets or both?

Durable goods that are intended and expected to last more than one year are assets and, as such, are capitalized and depreciated over the applicable recovery period once the business is open for business. In other words, the cost of assets are generally not start-up costs.

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