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.
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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.
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.
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