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cdhodgdon
Level 3

Starting a new business, and trying to determine where to list certain items we are purchasing

In the last part of 2020 (ugh what a year), I setup a new business, but we really working with customers as of yet, only a few select customers we used as ginny pigs as we were getting started.  The business I started uses drones for photography and videography.  We just purchased our first new drone (were gifted a couple to use in the business) and I was trying to determine if they should be listed as Fixed Asset - Furniture and Equipment or would it be advisable to list them some where else.

 

Thanks in advance.

Solved
Best answer January 03, 2021

Best Answers
john-pero
Community Champion

Starting a new business, and trying to determine where to list certain items we are purchasing

The drones are Fixed Assets, even if you take advantage of Section 179 and write them off fully in year put into service. It might make sense to use the Fixed Asset list QB provides as well.

 

 

(and it is Guinea pig)

View solution in original post

1 Comment 1
john-pero
Community Champion

Starting a new business, and trying to determine where to list certain items we are purchasing

The drones are Fixed Assets, even if you take advantage of Section 179 and write them off fully in year put into service. It might make sense to use the Fixed Asset list QB provides as well.

 

 

(and it is Guinea pig)

View solution in original post

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