Hole punchers be recored as an asset or as an expense

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Reference no: EM131220299

A company purchaesd 50 hole punchers for its office staff. Each hole puncher cost $5 and should in serve for 5 years or more.

Should the cost of these hole punchers be recored as an asset or as an expense?

part 2 Why are advetising costs generally recored as expense, rather than as asset?

Reference no: EM131220299

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