what section, (is the correct name nominal code?) do i put hand powertool purchases?
drills, saws, routers etc - Building & Joinery portable powertools.
im not talking about fixed machinery or saws in a workshop.
do i put them as General Purchases 5000, or Plant & Machinery Assets 0020?
does it make a difference on the cost? do tools of less than say £500 go into general purchases?
all hand powertools no matter how much they are are all worth much less after a year, and in every day use you would expect two to 3 years ideally out of them. Most of the tools i buy come with a 2 or 3 year warranty these days.