Ask
your own question, for FREE!
Finance
16 Online
is furniture equipment or supplies
Still Need Help?
Join the QuestionCove community and study together with friends!
generally, furniture is considered an expense for the year it was purchased and until it's aid for. After that it becomes an asset until it is removed from use. The dollar value would be what you's look at to decide whether to expense it in one year or schedule an amortization. Supplies are generally, non-durable goods that are "used up" such as pens and paper. I would classify it as equipment to do business much like a computer. The office would be pretty barren without furniture or a desk to hold the computer :) If still in doubt, ask your tax accountant. That person will know your company the best.
Furniture is equipment, not supplies.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
thereneelg:
Okay....I'm doing a group solo for choir. Auditions are Tuesday (?), Any tips on
Arizona:
my Rolling stone airpods won't connect and I got them about a year ago is there t
Arizona:
can someone check out my essay i'm doing in my senior English class about the McD
IcedShots:
I was wondering, is there anybody on here around my age? Im turning 15 on December 1 ud83dude0a.
thatonenerd:
Use Hvap of water = 40.7 kJ/mol, c of water = 4.184 J/g.u00b0C, and molar mass of HO = 18.
letrasbonitasz:
Typography plays an important role in digital communication. Different font styles can make social media profiles, usernames, messages, and creative designs
Bounty:
tested love: im so over love it acquires patience i don't have trials an tribulations yet my souls the only one taken i give 90 you give 10 you say that you
SaltySuga:
is it possible to tell how deep a cut is by an open wound? like would i be able t
1 day ago
0 Replies
0 Medals
1 day ago
3 Replies
0 Medals
2 days ago
1 Reply
0 Medals
1 day ago
3 Replies
0 Medals
3 days ago
5 Replies
0 Medals
5 days ago
3 Replies
1 Medal
3 days ago
7 Replies
2 Medals
5 days ago
5 Replies
1 Medal