Can you provide more details? Do you own a home that you are renting? Is the home that you’re renting part of the business that you are running? Is the furniture value over $500?
I think if you expand on your details, someone will be able to answer your question.
My company purchased furniture for a home that we rent - do we have to list the furniture as an asset or just an expense?
I'm going to assume that you rent a house, and this is a furnished rental situation - if that is not true ignore the rest of this
When you purchase the furniture, book it as a fixed asset
At tax time, your tax accountant can decide if it benefits your tax situation to either: post annual depreciation for the fixed asset, or expense the full amount.
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