[DS4321]

Hi,
We have a company that makes videos and websites, how do I list the parts that we buy that helps us do our business, on the balance sheet?
For example: We buy wire that connects a piece of mahinery to another piece of machinery so that we can edit video...

We have a new cable for a camera.

Thanks,
DS4321

[DS4321]

Also, what about tools... screw drivers, etc. used to fix things

[pready]

Tools should be Expensed. Wire should be Expensed as well.

[DS4321]

So, the tools to fix the parts that make the machines work aren't assets and should go on the income statemtent, right?

[pready]

Yes, Spare parts should be expensed when purchased just like a trash can is.

This adheres to the Materiality Principle of GAAP.