Andrew Sackville-West wrote:
On Tue, 21 Feb 2006 19:14:33 -0700 Mark Johnson <[EMAIL PROTECTED]> wrote: Those four columns for the report seem sensible to me. I am concerned about the statement: "the basis column makes sense regardless of the method used for calculation". The value in the cost basis column depends upon whether the cost basis is an average, FIFO, or LIFO. For example: buy 1: 100 shares at $10.00 buy 2: 100 shares at $11.00 sell: 100 shares at $12.00 Now, on an average basis, for the sale, my cost basis per share is $10.50, and my gain per share $1.50. On a FIFO basis, my per-share cost basis for the sale is $10.00; my gain is $2.00 per share. On a LIFO basis, my per share cost basis is $11.00; my gain is $1.00 per share. What remains after the sale? I have 100 shares. On an average basis, my cost is $10.50 per share. On a FIFO basis, my cost is $11.00. On a LIFO basis, my costs is $10.00. Both the cost basis and the gain columns are a function of the method chosen for calculating capital gains. Mark |
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