Is computer software a fixed asset for a small business, even if under $100? Or is it an office expense?

[Lilly Peck]

In your case, being that it is such a small amount, expense it in one year. Otherwise you will have to depreciate the cost over three years.

[MB86]

Thank you!  Do I list it as a Business Asset and expense under section 179 or would I list as an Office Expense, like office supplies?

[Lilly Peck]

You could actually do it either way but I would list it as an office expense, it's easier and you obtain the same result.