Question

Why purchase of calculator is not shown as asset but office expenses for the that year.

Answer 1

for calculating for your self

Answer 2

purchased of calculator is treated as office expenses for that year due to accounting principles which is materiality concept.

•materiality concept:

concept that each one the material items should be reported properly within the financial statements.

Material items are considered as those items whose inclusion or exclusion ends up in significant changes within the deciding for the users of business information.

•here, purchase of calculator isn't most material item in financial statements that no effect in change of users decision.so its classified under office expenses not in asset within the financial statement.