Editing Book Keeping Task/Depreciation
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== Procedures == | == Procedures == | ||
=== Fixed Assets === | === Fixed Assets === | ||
- | Any purchase of $500 or over for an asset that will not be used up in | + | Any purchase of $500 or over for an asset that will not be used up in the year is placed in a Fixed Asset account. |
An account is created for the category, if one does not already exist. | An account is created for the category, if one does not already exist. | ||