I have a fixed asset with accumulated depreciation. How do I document the value of the asset that has not yet been depreciated?
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I have a fixed asset with accumulated depreciation. How do I document the value of the asset that has not yet been depreciated?
When you purchase an asset you record it at the cost of the Asset.
On the balance sheet the Asset will be listed at cost then there will be another account beneath it that is Less: Accoumulated Depreciation.
The cost of the asset less Accumulated Depreciation equals the remaining book value of the asset.
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