some examples of depreciable assets
- Furniture & Fixtures (desks, chairs, file cabinets, etc.)
- Computer Hardware & Software, Calculators, Typewriters
- Phone & Fax Machines
- Automobiles using Actual Expense method
For tax purposes, depreciation is recorded on IRS Form 4562.
There are many different ways to depreciate – please consult with your bookkeeper or accountant for the method best for your taxation purposes.