Point taken Chris. If you buy a car from a dealer the costs of shipping are included in the purchase price for example so the shipping costs are part of the cost of the asset.
David On Mon, 2024-09-30 at 14:33 -0700, Chris Miller wrote: > Hi David, > > If I bought a guitar for $500 and then spent $300 to have it shipped > to me, I would most definitely want that recorded as an $800 guitar, > so I would not mistakenly sell it to somebody who offered me $700 > because it looked like a $200 profit. > > The book value of an asset is as the FASB says. It includes all the > costs to procure and deploy an asset. There is a reason for that. > > Chris. > > Laboriously sent to you from my ... do you really care? > > _______________________________________________ gnucash-user mailing list [email protected] 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.
