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.
A portable fire extinguisher is durable equipment accounted as a capital asset. Testing, maintenance and refill of an extinguisher is an operating expense.
Is a fire extinguisher an asset? – AskingLot.com
In this regard, what expense category does a fire extinguisher go under? 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 …
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Reference:
https://www.usfa.fema.gov/
https://en.wikipedia.org/wiki/Fire_extinguisher