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Vehicle Depreciation
Posted: Thu Jan 21, 2016 11:20 pm
by mstinson
We have a van and realized depreciation was not taken. It is showing on the balance sheet as full amount.
Can a journal entry be used to depreciate to the market value?
Re: Vehicle Depreciation
Posted: Fri Jan 22, 2016 11:05 am
by NeilZ
mstinson wrote:We have a van and realized depreciation was not taken. It is showing on the balance sheet as full amount.
Can a journal entry be used to depreciate to the market value?
No reason why not. However, here are some threads that may give you some additional information:
viewtopic.php?f=3&t=11480&p=36427&hilit ... ion#p36427
viewtopic.php?f=3&t=6810&hilit=depreciation