Depreciation

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.