Office equipment expense definition

What is Office Equipment Expense?

Office equipment expense is the cost incurred to maintain and operate office equipment. The expense typically applies to printers, computers, and furniture and fixtures.

Accounting for Office Equipment Expense

This cost is charged to expense in the period in which it is incurred. Thus, it is classified as a period expense. Office equipment expense is not capitalized into an asset, since it does not provide a benefit over an extended period of time.

Presentation of Office Equipment Expense

Office equipment expense is usually classified within the selling, general and administrative grouping of expenses in the income statement. It is rarely stated within a separate line item on the income statement, since the amount is usually relatively small.