what is the smallest fixed assets figure?

What is the smallest amount for an item you can enter into a fixed assets account?

There is no “smallest” amount. Everything can be entered, from $1 and up.

Virginia Cunning, Enrolled Agent, Master Tax Advisor
H & R Block

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to learn more.

Accounting Tutorial Selling a Fixed Asset Training Lesson 13.2

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