[GNC] Another "multi-account" logical issue - any advice on how to register this?

[David Cousens]

Point taken Chris. If you buy a car from a dealer the costs of shipping
are included in the purchase price for example so the shipping costs
are part of the cost of the asset. 

David

On Mon, 2024-09-30 at 14:33 -0700, Chris Miller wrote:
> Hi David,
> 
> If I bought a guitar for $500 and then spent $300 to have it shipped
> to me, I would most definitely want that recorded as an $800 guitar,
> so I would not mistakenly sell it to somebody who offered me $700
> because it looked like a $200 profit.
> 
> The book value of an asset is as the FASB says. It includes all the
> costs to procure and deploy an asset. There is a reason for that.
> 
> Chris.
> 
> Laboriously sent to you from my ... do you really care?
> 
>