more-arw search

Q&A Forum

Whether spares can be accounted at actual price instead of weighted average cost or FIFO method

Nithya Arun's Profile


Topic Expert
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO, |

As I read your question:

Since spares are depreciated, they logically should be recorded at cost.

If you are not capitalizing them, then its inventory and you can do as you wish (per GAAP of course).


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.