Is this for a business?
If so, items over $200 are generally depreciated as "assets". But there are several elections that if you qualify for that election and actually make that election, you might be able to deduct it as a "supply". See the IRS link below for information about some of those elections.
Items $200 or less, or items that qualify for an election and you actually make the election, you would enter it as a "supply".
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
Sorry, this STUPID forum isn't allowing the link I provided. The Moderators REALLY need to fix that for those of us that post regularly.
@AmeliesUncle Which one did you want? This one?
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
@AmeliesUncle wrote:Sorry, this STUPID forum isn't allowing the link I provided. The Moderators REALLY need to fix that for those of us that post regularly.
I'm going to try and post the same link (see what happens).
Tangible property final regulations | Internal Revenue Service