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Old 09-10-2004, 12:43 AM
Michael A. Abbaticchio
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Default Re: Depreciating Personal Assets

You could leave it unassigned (no catagory)

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regards,
Michael Abbaticchio
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"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?



  #-1  
Old 09-09-2004, 05:47 PM
James Ford
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Default Depreciating Personal Assets

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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assets, depreciating, personal
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