On Tue, 02 Nov 2004 11:01:32 -0200, Jon Lapham <[EMAIL PROTECTED]> wrote: > Ah, okay, so then the definition should mention something about "per > period"? I do not like this wording... suggestions? The problem with > the current definition is that it could be interpreted to mean the total > depreciation, $1000 in the example above.
Maybe "per accounting period"? > > One other confusion I have with book depreciation. In the depreciation > schemes section we say "...for tax purposes, you will need to depreciate > your assets at a certain rate. This is called tax depreciation. For > financial statement purposes you are free to choose whatever method you > want. This is book depreciation." So, shouldn't this distinction also > be made in the definition of book depreciation? > > Current: > Book depreciation - this is the amount of depreciation that you record > in GnuCash. > > Proposed: > Book depreciation - this is the amount of depreciation that you record > in your finiancial statements per depreciation period. > Generally when we refer to depreciation, we are talking about the single period. We use the term accumulated depreciation to refer to what we have taken over the life of the asset. Maybe use your definition for book depreciation, and add another definition for accumulated depreciation? Accumulated depreciation - the accumulated total of book depreciation taken over the life of the asset. This is accumulated in the depreciation account in the asset section. On this page http://www.gnucash.org/docs/v1.8/C/gnucash-guide/dep_accounts1.html in the sample account structure, I would change the "Accumulate Depreciation account" to "Accumulated Depreciation account" for constancy. What do you think? Dave _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] https://lists.gnucash.org/mailman/listinfo/gnucash-devel
