Search found 6 matches
- 31 Jan 2024, 17:34
- Forum: General accounting and financial reporting discussion
- Topic: Useful life of bitcoin machines
- Replies: 10
- Views: 1272
Re: Useful life of bitcoin machines
not at all
- 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
And as it usually happens, the accountants and owners have different points of view regarding bookkeeping, depreciation and etc
- 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.
- 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.
- 30 Jan 2024, 14:24
- Forum: General accounting and financial reporting discussion
- Topic: Useful life of bitcoin machines
- Replies: 10
- Views: 1272
- 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
Could you please advise what is the usefull life of bitcoin machines? Is it the similar as computers?
Thanks