Office equipment is classified as an asset on the balance sheet, because they’re considered to be long-term investments that will depreciate over time. However, many types of office equipment and supplies don’t qualify as assets because the cost isn’t high enough to meet the capitalization threshold.
How much does office equipment cost?
If you’re a startup, you want to keep the cost of your office equipment as low as possible — at least, until you can get your business off the ground. But here are some ballpark figures on how much each of the basic items will cost:
- Open workspace with an L-shaped desk, cabinet, and electrical outlets — $1,500 a person (cubicles are $3,500 a person).
- Office chairs — $600 a person.
- Laptops — $1,500 a person.
- 25” monitors — $350 a person.
- Wired ethernet ports — $100 a person
- Desk accessories (such as keyboards, mice, etc.) — $150 a person.
With these figures, the total cost for basic office equipment and supplies will be about $4,200 a person. Feel free to look at what we have at Engineering Supply, so you can find a product that will meet your specific needs.