Equipment for larger amounts is usually registered as assets and not as expenses. Assets with an economic life exceeding three years and which have an acquisition value of more than half the “price base amount”, excluding VAT (SEK 24,650 in 2022), must be booked as assets. Other equipment are normally expensed for the entire amount at once. Costs for equipment that are booked as assets arise instead by booking depreciation over a number of years. In the K2 accounting framework, which is used by most smaller companies, equipment is normally written off as a rule of thumb over a five-year period.