David Harrison <[EMAIL PROTECTED]> writes: > You're right, a summary is necessary. In the business world, though, > you are free to choose whatever depreciation scheme you want for your > financial statements. However, for tax purposes, the method is set.
This is not strictly true. For tax purposes, there are often several methods one can choose from. For financial statements, there is even more flexibility, but it's not unlimited if you want to conform to generally accepted accounting principles. Whatever method you choose for reporting must bear some sane relation to current income under the matching principle. _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] https://lists.gnucash.org/mailman/listinfo/gnucash-devel
