Best Answers. Rustler. Level 15. 05:58 PM. Unless that is a rechargeable fire extinguisher I would use office or shop expense depending on where it is located. A rechargeable fire extinguisher might be an asset depending on cost. Salt/sand is an office or shop expense. View solution in original post.
Fire extinguishers are safety expenses by any business. They are thus used by the company when required in emergencies. These emergencies may arise may be in a year or after that. It is mostly considered as a fixed asset expense as they are stored by the companies for safety for longer period. Subsequently, question is, is fire extinguisher an office …
Is fire extinguisher an asset or expense? – Answers
A portable fire extinguisher is durable equipment accounted as a capital asset. Testing, maintenance and refill of an extinguisher is an operating expense.
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TYPES OF FIRE AND FIRE EXTINGUISHERS | WHICH FIRE EXTINGUISHER TO BE USED ON WHICH CLASSES OF FIRE Video Answer
Reference:
https://www.usfa.fema.gov/
https://en.wikipedia.org/wiki/Fire_extinguisher