<prompt> Human: Im organizing all of my finances via GNUcash, and Im wondering if I should place my computer under my assets and depreciate, or if I should just list it as a computer expense. My reasoning is that it ultimately has a resale value and expected life, and it is somewhat necessary for a student yeah mom, I spent 400 on a GTX 970 because I need it for school!I guess Im thinking of it in analogy to equipment required by a company to do business from what Ive learned in the accounting course Im presently in. Is this the way I should look at it, or will that skew my apparent financial position when I figure out my assetsliabilitiespersonal equity?Edit: why is everybody downvoting each other? Theres more than one correct philosophy on this topic!  <response>: Most people dont list everything little thing they own as an asset, even if you could sell it.Everything has a price at a garage sale. 