Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by nickff on Friday February 03, 2023 @07:51PM
(#34650057)
Software licenses are not considered capital; they’re expenses. This is why they’re preferred for tax reasons, as expenses are fully written off in the first year, but capital purchases are gradually depreciated.
In the grim thought slavery still existed, I would say food would be considered productive capital. In modern day (from the view of the company) that value is just captured in the wage so it would be inappropriate to double account it into capital expenses (a business lunch I think would count though).