fixed assets

[Mike or Penny Novack]

On 6/10/2016 6:42 PM, Elmar Schmeisser wrote:
> I have a question on how to update the value of fixed assets (car,
> house, etc.).  One can of course assign a value when the asset is
> created in GC, but what account does the appreciation/depreciation come
> from? - Elmar
As noted, not really a gnucash question but a fundamentals of accounting 
question.

First of all, are you keeping your books on the cash or the accrual 
basis? In both cases you would be able to book depreciation as that is 
considered "real". But whether you would (or should) enter interim 
"unrealized gain" is a cash vs accrual difference. It's not just an 
accountant you need to make decisions like this but also a "tax advisor".

Michael D Novack