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When you purchase office equipment for your business, are you categorizing it correctly? Technically if you purchase any items such as the items below you should be categorizing them as an asset.

office desks

office chairs



fax machines

This allows you to depreciate them and thus deduct them on your business tax return.  The general rule is anything over $100.00 in value should be capitalized as an asset and depreciated. If below $100.00 in value, you should just consider it as an expense.

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