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Thanks for the quick response
So if I go the clean route, how would I eventually show that income from the handset sale on my accounts.
At this stage it's not an asset so wouldn't appear as income from the sale of fixed assets, would it be an 'other operating income' line like credit interest...
While I appreciate the treatment of 'smartphones' has been done to death and is suitably covered here:
Contractors' Questions: Can I claim an iPhone as a company expense? :: Contractor UK
...MyCo has purchased a smartphone as an expense but the next model is now out, the contract is SIM only...