HAWAII’S LARGEST IN-STOCK OFFICE FURNITURE DEALER We offer a wide range of furnishings to suit every budget whether for business or your home office needs. Find closet shelving, storage, file cabinets, chairs, computer desks, children’s room furnishings and more to completely furnish a classroom, business, or home office. Visit our main furniture showroom at our Mapunapuna location, downtown at Fort Street Mall, or at our Pohukaina Street store for the lowest prices on quality furniture products. We provide specialized services to meet the needs for our business and government clientele. Call us to schedule a free consultation with our Furniture Specialist.With normal usage, office chairs last many years before they have to be replaced. /Getty Images An office chair is either an expense or a fixed asset. How you classify the office chair in your journal entry depends on whether the chair cost is over or under your company's capitalization limit. If you record the office chair as a fixed asset, you also must depreciate the chair over its expected useful life.
Useful Life The office chair must be useful to your business for more than one year for you to classify it as a fixed asset. Most companies use an office chair for longer than one year, so barring an unforeseen circumstance, your office chair likely meets this standard. Capitalization Limit Whether you will classify your office chair as a fixed asset or expense depends on the second criteria to classify a purchase as an asset: whether the cost of the chair is over or under your company's capitalization limit. Your company's capitalization limit is a bar set by you and your accountant as criteria to determine what constitutes an expense and what constitutes an asset. If you do not know your company's capitalization limit, speak to your accountant before recording this entry. If the cost of the chair is higher than the capitalization limit, record the chair as a fixed asset. If the cost of the chair is lower than the capitalization limit, record the chair as an expense. Depreciation To depreciate an asset, you expense the reduced value of the item over time.
For example, if you determined that your chair lost 25 percent of its value each year, then each year, for four years, when you record depreciation, you would increase the expense account for the office with a debit and decrease the asset account for furniture with a credit. Fixed Asset Record the journal entry for the purchase of the chair as a fixed asset. Increase the asset account you have set up for furniture with a debit for the amount of the purchase. If you paid cash for the chair, decrease the asset account "cash" for the amount of the purchase. If you bought the chair using credit, increase the accounts payable account with a credit to accounts payable for the amount of the purchase. Expense Record the journal entry for the purchase of the office chair as an expense. Increase the expense account you have set up for office furniture with a debit for the amount of the purchase. If you paid cash for the office chair, decrease the asset account "cash" with a credit for the amount of the purchase.
If you used credit to buy the chair, increase the accounts payable account with a credit to accounts payable for the amount of the purchase. /Getty Images Suggest an Article CorrectionWhen your office was furnished, did the shopping list go something like this: You know – the usual stuff. I’m not going to claim that a fancy desk or a weird chair is going to magically improve your creativity and productivity – but I am damn sure, that all that sameness and eternal corporate grayness, does nothing good for your ability to come up with great new ideas. Here are some ways to spruce up a workplace that may actually inject some color and fun into your work environment. The Milk desk is a new design to match your Apple gear with it’s white surface and rounded edges. It lowers and raises electrically, it has ways to hide the cable clutter, and it also has four compartments at one end that can be configured for storage, trash or, yes, as an aquarium. is a great way to flexibly partition a room.
It’s made of paper with a felt core, and I love it because it doesn’t eat all the light in the room (if you go for the white one). It can be twisted into just about any shape or rolled up when you don’t need it and it dampens sound more than most room partitioners. Plus it looks amazing! Or how about a desk made from the wing of a DC3 plane? The starting point for the Haag Capisco is just your average, garden-variety office chair – but they’ve moved on from there. The saddle seat gives you a more erect posture and doesn’t cut of the blood flow to your legs. The seat and back are constructed so you can sit sideways or reversed on it and still support your arms. And the whole thing tilts back into a very comfortable reclined position. I’ve had one of these myself – they rock. Bean bags look great and can be used in a million different positions. Four bags and a coffee table and you have a great meeting room! I’m partial to the the (pictured above) myself.
Disclosure: They once sent me a free one to review here on the blog. Where do you keep all your reference manuals and handbooks? Close to where you can sit and read them, of course! I don’t know what it is, but I like it. Since I first saw these, I’ve wanted one and only the huge price tag has kept from picking one up. It looks strange, but is actually supremely comfortable and allows you to sit/lie in many positions. I know, I’ve spent quite some time in a showroom testing one thoroughly :o) When your business is innovation, your office can’t really look like any other corporate wasteland. London-based innovation agency ?know that – as evidenced by e.g. the life-sized plastic cow statue painted like Spiderman in the lobby and the big red couch/bed they use for meetings: This has got to be the coolest idea in a long time. 7 people pedal along, one of them steers. It’s the and I want one!! I also mentioned this in my post on . I was sitting in my usual caf� writing this blogpost when I spotted a lady at the next table looking through some pictures of weird and beautiful desks.
Of course I had to ask her what the story was. Turns out she’s Marie Westh, an artist and these are one-off tables she created, first for exhibitions and then later on as usable art pieces. with many more weird and fantastic creations. This is more a metaphor than a piece of furniture – but it’s pretty cool all the same. The idea is that three people can have a meeting where they must work together to hold their balance during the meeting. Like we must each contribute to a conversation, to make it balanced. Impractical – but cool! . Or how about an entire wall covered in cordwood? Not only is it amazingly beautiful, it’s also great for the acoustics and it gives the wall a great texture. I saw my friends at and their roommates build this from a huge stack of cord woodon the floor to the finished wall. So is it the furniture that determines whether a company is creative and fun or staid and boring? But the type and variety of furniture does reflect the mood at the company.