Hmmm…. haven't really think of it, but it's one of my assets. It lasts for at least 3 more years, so the depreciation for prepaid domain name is over that period of time. So far, there's no liabilities because I have paid Law for 4 months, and only 1 month has passed. And so, in the monthly income statement, there will be a domain name depreciation expense and a webhosting expense.<\/p>\n
| dr<\/td>\n | webhosting expense<\/td>\n | <\/td>\n | $10<\/td>\n | <\/td>\n<\/tr>\n |
| <\/td>\n | cr<\/td>\n | prepaid webhosting<\/td>\n | <\/td>\n | 10 <\/td>\n<\/tr>\n |
| dr<\/td>\n | domain name depreciation expense<\/td>\n | <\/td>\n | 0.50 <\/td>\n | <\/td>\n<\/tr>\n |
| <\/td>\n | cr<\/td>\n | accumulated depreciation: HazelCafe.com<\/td>\n | <\/td>\n | 0.50 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Ermmmmmm…… no income, so revenue is 0. Expenses is 10.50… so I am making a loss of $10.50 every month…. oh well… Wahahahaa…<\/p>\n Crapp… <\/p>\n Orhh… so the purpose of HazelCafe.com is to… allow me to practise FNA??? Duhz…<\/p>\n","protected":false},"excerpt":{"rendered":" Hmmm…. haven't really think of it, but it's one of my assets. It lasts for at least 3 more years, so the depreciation for prepaid domain name is over that period of time. So far, there's no liabilities because I … Continue reading |