beth12345
  • beth12345
is furniture equipment or supplies
Finance
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
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.
anonymous
  • anonymous
Furniture is equipment, not supplies.

Looking for something else?

Not the answer you are looking for? Search for more explanations.