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What subjects are included in the water meter installation fee?
The accounting treatment of this service installation fee depends on the specific policies of the subordinate departments and companies.
If the water meter is used by the administrative department of the company, this fee will be included in the management fee account.
If the water meter is used by the sales department, this fee will be included in the sales expense account, and if the water meter is used by the workshop, this fee will be included in the manufacturing expense account.
If the installation cost of water meter exceeds the accounting standard of fixed assets, the cost will be regarded as one-time capital expenditure, charged as one-time cost or amortized in installments in the form of depreciation.
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