Depreciation Schedule - Signs

Q, Are signs an expense or an asset to be depreciated?

A. Signs fall under the category of Furniture & Fixtures, account # 1-1600.

Per KWRI Accounting Guidelines, the normal break point between capitalizing or expensing purchases of furniture, fixtures and equipment is $500 per unit cost. Furniture/Fixtures may be depreciated 5-7 years, Straight Line Depreciation.

Be sure to share purchases with your CPA to be added to your CPA-provided depreciation schedule; this schedule should be reviewed and update each year during budgeting and entered into AccountEdge/Lonewolf as part of the annual budget.

Review the KWRI Accounting Guidelines found on KWConnect for more details.