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josstuff
Oct 3, 2009, 03:54 AM
Hi,

I am cuurently doing an assesement for bookkeeping and I need to find out if the company purcashes a new car and only pays a depoist does the full value of the vehicle go to the assets.

ROLCAM
Oct 3, 2009, 04:31 AM
The answer is a definite YES!

All the facts about it need to be entered in the books.
Depreciation is also calculated on the full value.