[GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

[Stan Brown (using GC 2.6.19)]

On 2023-01-17 15:12, David Cousens wrote:
> When you depreciate an asset each depreciation event is a write off of part the
> value of the asset to the appropriate expense account (credit to asset account-
> debit to expense account). It is completely written off when its book value as
> an asset reaches zero

For "reaches zero" read "reaches its salvage value". For some assets,
salvage value is nil or as close as makes no matter; for others,
vehicles for example, it can be substantial.

And as you observed, the rules are most likely set by the tax
authority(ies).

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com