Re: Example of depreciation transactions?

["Chris Travers" <..hidden..>]

I think the idea is that it also makes it easier to track
depreiciation between years.

Remember that year-end will move the expenses and income to a retained
earnings account.

Best Wishes,
Chris Travers

On 11/12/06, Ed W <..hidden..> wrote:
> Hi
>
> > It has been suggested to me by another core member that there is a
> > better way to do this.
> >
>
> Aha.  That sounds spot on based on the way the default SL COA is setup.
> Many thanks for documenting this - makes good sense now!
>
> I have to think about it, but I guess the idea is to make the balance
> sheet show both book value, depreciated value AND have the expense look
> right.
>
> Cheers
>
> Ed W
>
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