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    peterd1952's Avatar
    peterd1952 Posts: 2, Reputation: 1
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    #1

    Mar 1, 2009, 09:31 AM
    Depreciating Assets
    I hold a lease on a property which is recorded as an asset on my balance sheet in the amount of £20,000.00 - at the year end, is it proper to depreciate the value of this lease in a like manner to that of other assets?
    jumaakah's Avatar
    jumaakah Posts: 2, Reputation: 1
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    #2

    Mar 3, 2009, 12:55 PM

    Please help me know accounting better
    jumaakah's Avatar
    jumaakah Posts: 2, Reputation: 1
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    #3

    Mar 3, 2009, 01:04 PM

    Help me with your own question to solve on depreciation
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #4

    Mar 4, 2009, 09:10 AM

    Not sure what accounting rules you need to follow in England but in the US it depends if you classify it as a capital lease or an operating lease
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