I bought 14 chairs to replace broken ones for my business. The total cost was $621. Should that go under Assets as a fixture or under expenses?

I bought 14 chairs to replace broken ones for my business. The total cost was $621. Should that go under Assets as a fixture or under expenses?

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I bought 14 chairs to replace broken ones for my business. The total cost was $621. Should that go under Assets as a fixture or under expenses?

You have a choice. You can expense them under Section 179 or depreciate them over 7 years.

I bought 14 chairs to replace broken ones for my business. The total cost was $621. Should that go under Assets as a fixture or under expenses?

Depricate means I take part of the expense as a deduction now and then spread the rest over future years?

I bought 14 chairs to replace broken ones for my business. The total cost was $621. Should that go under Assets as a fixture or under expenses?

Yes.

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