All,
I am building a new computer from individual parts (case, power supply, motherboard, processor, hard drive, dvd-rom, dvd-rw, floppy drive, video card, processor cooler, etc.) and am wondering how to post these items in QuickBooks. Typically, if I purchase a complete computer from a vendor like Dell, it becomes a fixed asset of the company and I depreciate the expense. For a computer constructed from individual parts, are the individual parts fixed assets that should be depreciated, or are they office expenses? In addition, if I declare them as fixed assets, I have to pay a tangible property tax to the county where my business is located. Finally, is there someplace I can find the rules on fixed assets versus expenses that will help me make this decision in the future? Thanks...
Mark