How to track mortgage (liability) payments as part of expense reports

[Beth Leonard]

On Sun, Jun 04, 2006 at 08:44:59PM -0400, Adam Rosi-Kessel wrote:
> I've always wondered: does anyone make any attempt to account for
> appreciation and depreciation of assets? A house is probably the best
> example for most of us. If the real estate market for my neighborhood
> shows that prices are increasing 5% per year, should there be some way to
> reflect that in net worth? Likewise, if you don't do any maintenance on
> your house, it will start to depreciate.
> 
> Both the appreciation and depreciation would have to be estimates. I know
> standard accounting practices have something to say about this... but
> does anyone try to track it in gnucash?

Appreciation/Depreciation and unrealized gain/loss are well documented
in the friendly manual:
 
http://www.gnucash.org/docs/v1.8/C/gnucash-guide/capgain_example1.html
or even:
http://www.gnucash.org/docs/v1.8/C/gnucash-guide/chapter11.html

For a house for personal net-worth reasons, you could choose to
account for capitol improvements however you wish.  For business
purposes, see an accountant as the laws will vary from country to
country.

--Beth 
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+                             Beth Leonard                          +
+       O say, does that star-spangled banner yet wave              +
+       O'er the land of the free and the home of the brave?        +
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