Search found 6 matches

by MarCanSol
31 Jan 2024, 16:42
Forum: General accounting and financial reporting discussion
Topic: Useful life of bitcoin machines
Replies: 10
Views: 1272

Re: Useful life of bitcoin machines

Thank, Marek. Unfortunatelly, my collegues are not experts at all and don't have any idea how to record these machines properly :-)

And as it usually happens, the accountants and owners have different points of view regarding bookkeeping, depreciation and etc
by MarCanSol
30 Jan 2024, 17:19
Forum: General accounting and financial reporting discussion
Topic: Useful life of bitcoin machines
Replies: 10
Views: 1272

Re: Useful life of bitcoin machines

Thanks, JRSB. The technology changes rapidly and value of these machines declines very quickly.
by MarCanSol
30 Jan 2024, 15:19
Forum: General accounting and financial reporting discussion
Topic: Useful life of bitcoin machines
Replies: 10
Views: 1272

Re: Useful life of bitcoin machines

yes, they operate 24/7. Google provides different terms of usuful life, 1-3 years approximately. I'm just wondering maybe someone else has similar experience and will advise how to amortize them correctly.
by MarCanSol
29 Jan 2024, 21:00
Forum: General accounting and financial reporting discussion
Topic: Useful life of bitcoin machines
Replies: 10
Views: 1272

Useful life of bitcoin machines

Hello,

Could you please advise what is the usefull life of bitcoin machines? Is it the similar as computers?

Thanks