fixed assets

[Colin Law]

On 10 June 2016 at 23:42, Elmar Schmeisser <eschmeisser at nc.rr.com> 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

If there are no legal or tax implications that mean you have to do
something more complex and you just want to track the current value
then you can just have an expense acct into which you transfer some of
the value.  For example for tracking the current value of my car I
have an account Expenses:Motor:Depreciation that I transfer into (I
use a scheduled transaction). If it were an increasing asset then you
could have a similar Income acct.

Colin