John Summerfield wrote: >On Sat, 3 Aug 2002 23:21, Steve Doerr wrote: > > >>I set one of these up on the KC demo under vendor Foo Enterprises, >>invoice 45898 posted 08/03/02 and added a journal entry to record one >>month's amort. expense for the table (straight line, 5yr life, no >>salvage value - 1,665/60 = 27.75/mth) >> >> > > >That computer is listed as "inventory." that's fine for goods you plan to >sell, and it's even appropriate to depreciate it. > Actually, inventory isn't depreciable. Depreciation is a way to defer the expense recognition on assets you use for your business.
Buy a company car, instead of taking 25,000 of expense when you buy it, you expense it 1/60th per month over the five years you'll be using it. Anyway, just an fyi. I know it's not your real concern. Steve > >Probably I shouldn't have mentioned depreciation-) It's not an immediate >concern. Getting my books current so I can get my GST rebate is. > > > > > > > >------------------------------------------------------- >This sf.net email is sponsored by:ThinkGeek >Welcome to geek heaven. >http://thinkgeek.com/sf >------------------------------------------------------- >(un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users >Archive: http://www.mail-archive.com/[email protected]/ > > > ------------------------------------------------------- This sf.net email is sponsored by:ThinkGeek Welcome to geek heaven. http://thinkgeek.com/sf ------------------------------------------------------- (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/[email protected]/
