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Accounting: When forming a startup how do I account for use of equipment and supplies from my other company?
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Paul DeJoe, CEO \ Angel Investor \ Founder \ Author answered:

The items that you're talking about in this situation would be immaterial in my opinion. Before you even get to the technicalities of accounting properly for something like this, do you really want to start a new business where your first transactions on your financial statements are transferring assets (furniture is not an asset even) that are all worth essentially nothing right now? Your entire focus should be on getting customers and not speaking with an accountant about the treatment of something that doesn't matter.

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