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| You could leave it unassigned (no catagory) -- regards, Michael Abbaticchio MVP for Microsoft Exchange Server http://mvps.org/exchange "James Ford" <James.ford[at]pec.com> wrote in message news:905f01c49695$0bb65a10$a501280a[at]phx.gbl... - quote - > Does anyone know how to correclty account for depreciation > of personal assets such as automobiles without having them > show up as an expense. The depriciation expense should be > a "non-cash" charge, meaning that no money is actually > paid at the time in which the expense is incurred. > Currently the vehicle is entered as an asset tied to a > liability (loan balance due). There is a recurring monthly > depriciation charge added to the asset account to reduce > the total value of the car but this shows up as an expense > in the income and expense report. Any ideas? |
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| Does anyone know how to correclty account for depreciation of personal assets such as automobiles without having them show up as an expense. The depriciation expense should be a "non-cash" charge, meaning that no money is actually paid at the time in which the expense is incurred. Currently the vehicle is entered as an asset tied to a liability (loan balance due). There is a recurring monthly depriciation charge added to the asset account to reduce the total value of the car but this shows up as an expense in the income and expense report. Any ideas? |
| Tags |
| assets, depreciating, personal |
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