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    josstuff's Avatar
    josstuff Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 3, 2009, 03:54 AM
    Bookkeeping Cert 4 query
    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's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    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.
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