If Building cost was 138000,
other Fixed Assets were 146000,
and Depreciation to date was 139000 Then book value would be less the depreciation.

However, Current Liabilities are 51000
and Net Working Capital is 94000.

Realizing that this effects the current asset book value, does it have any effect on fixed asset book value? How about Book Value on Total Assets?

Quote:

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Originally Posted by great

If Building cost was 138,000,
other Fixed Assets were 146,000,
and Depreciation to date was 139,000 Then book value would be less the depreciation.

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Aren't you trying to say that total Depreciation is 139,000 on (138,000+146,000), so

Total Asset Cost = 284,000
Depreciation = 139,000
Book Value = 145,000

Quote:

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Originally Posted by great

Realizing that this effects the current asset book value, does it have any effect on fixed asset book value? How about Book Value on Total Assets?

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This would no affect on current asset book value. Fixed Assets and Buildings are Fixed Assets, not current ones.

Quote:

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Originally Posted by CaptainForest

Aren't you trying to say that total Depreciation is 139,000 on (138,000+146,000), so

Total Asset Cost = 284,000
Depreciation = 139,000
Book Value = 145,000



This would no affect on current asset book value. Fixed Assets and Buildings are Fixed Assets, not current ones.

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Spot on Captain,

Thanks again!