[GNC] An automated depreciation calculator would be really helpful.
Liz
edodd at billiau.net
Wed Dec 8 19:43:59 EST 2021
On Thu, 9 Dec 2021 00:34:04 +0000
"Dr. David Kirkby" <drkirkby at kirkbymicrowave.co.uk> wrote:
> So each time an asset is purchased, one needs to start depreciating
> it from then. It's not true to say this is just done once per year.
My scheme is to do all the calculations shortly after purchase, until I
get to zero. I'm not sure whether this is the same as my accountant's
calculations.
So I enter all the transactions, each for a different year and I never
have to look up again whether it was a 5% or a 30% or a 100%
depreciation schedule.
I can see an advantage to a calculation scheme in software to do
it for me.
Liz
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