Hi I am working in a IT company
1. Our company purchased a domain name paid to Godaddy periodically then it would be treated as an expense or asset ? and also clarify what is domain name ?
2. We purchased computer parts seperately only of use then it would be treated as expense or asset?
3. Inverter Battery and UPS is asset ot expense as we know batteries life is mostly 3 -5 years?
Its urgent plz help earlier as soon as possible.