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homebase-lolo19
March 15, 2025
Question

If I purchased servers for a business, do I need to list every item that was associated with the installation? Or can I say "servers and associated equipment"?

  • March 15, 2025
  • 1 reply
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Each item is individually under $2500, but together they total $10,000. Also, there are over 80 items...so hoping this can be consolidated as "servers and associated equipment for installation".

    1 reply

    A
    AnnetteB6
    March 15, 2025

    Since everything that was purchased is needed to make the system work, you can group them together as a single Asset for depreciation if that makes sense for your business.  

     

    Just keep records showing what was grouped together.  Down the road you might not remember the details if asked.

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