08-20-2021, 02:55 AMMutedfaith Wrote:

08-20-2021, 02:36 AMJumpierPegasus Wrote: Per IAS 16.7:    The cost of an item of property, plant and equipment shall be recognised as an asset if, and only if:

(a)    it is probable that future economic benefits associated with the item will flow to the entity; and

(b)    the cost of the item can be measured reliably.

As such, I don't believe you could note that the cat girl is an asset that will provide future economic benefit to the entity. Even if you say it could provide foot traffic, I don't believe you can quantify that to include it as a PP&E asset on your balance sheet. As such, you cannot claim depreciation on the cat girl. If anything it may be an intangible asset with an indefinite life as it may include identifiability, control, and future economic benefits. Would be a hard sell though

Definitely can write off the expenses related, however. That's a good call

Thats IFRS, not US GAAP tho.

Sorry I don't speak silly accounting frameworks