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Where do second hand purchases go?
![ajaffarali](https://us.v-cdn.net/6030557/uploads/defaultavatar/nB9U4F9UMD6RY.jpg)
I picked a used camera to use for our studio. How do I expense it as there is no receipt or vendor. Also, should I put it as an expense or a capital asset as it is a pricey camera. And finally, how do I set up depreciation for it- maybe at 3% per month?
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