On 2025-09-18 11:23, David Warren wrote: > So when you buy a car, you capitalize it on your balance sheet? (I do too, > just curious what others do). Then I credit an auto asset account and debit > auto expense year by year so I get a fair sense of what the car costs me > annually.
Since you ask, I do the same, except I depreciate it monthly. My debit is to Expense:Car Depreciation and my credit to Asset:Car. To compute the amount, I use Excel's SLN function for straight-line depreciation over 8 years with a salvage value of 20% of the purchase price, which might seem high except that I bought it three years old. (The 11-year lifetime is realistic; I drove my previous Toyota for 14 years.) Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
