RFC: Chapter 8 Tutorial/Guide (depreciation, cap gains)

[marthter]

James Leone wrote:

> I have general comment about the term "asset appreciation."  Realizing 
> that we have an international user base, I favor the use of an 
> intenational accounting jargon.  However, I feel I should mention the 
> jargon used in the U.S. should there be a chance that it is also used 
> elsewhere rather than asset appreciation.
>
> Although I have never heard the term used in the U.S. as a licensd 
> professional (CPA), I do think that it is a logical description, 
> moreso then the term Capital Gains.  But I don't generally expect to 
> see the term asset appreciaiton anywhere.
>
> ...
>
> I hope that people from other countries will point out the 
> differences, so we can get a snapshot on how to internationalize 
> generic terms used in the guide.


I am not an accountant, but here in Canada, I have only ever heard 
"Capital Gains" and "Capital Losses" used for this concept.  I have 
never heard "asset appreciation" until today, though I agree it is a 
more logical name.

I guess the docs should say "...asset appreciation (also in some regions 
called capital gains)..." or vice versa depending on which is the more 
international term.

That's my CAD $0.02 on it from Canada.

Cheers.

~Martin