On 2023-01-17 15:12, David Cousens wrote: > When you depreciate an asset each depreciation event is a write off of part > the > value of the asset to the appropriate expense account (credit to asset > account- > debit to expense account). It is completely written off when its book value as > an asset reaches zero
For "reaches zero" read "reaches its salvage value". For some assets, salvage value is nil or as close as makes no matter; for others, vehicles for example, it can be substantial. And as you observed, the rules are most likely set by the tax authority(ies). Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
