Adding an asset and classifying it (investment vs. repair)

A repair (fixing something that already existed) is typically deducted in full the year it happens. An investment (buying new furniture, appliances, or making a renovation that adds value) is instead amortized — its cost is spread across several years. Keyio tracks these as assets, separate from regular expenses, so you don't have to remember which years still have deductions remaining on an older purchase.