Hi All,
This may seem obvious to many... but I would like to make sure I'm posting entries correctly.
In TAS I put new laptop in 'comp equip: additions' as a fixed asset....correct?
I understand that I should depreciate asset over 8yrs at 12.5%..so do I put 12.5% depreciation each year as an expense in 'bank money paid out' ?
Thanks
This may seem obvious to many... but I would like to make sure I'm posting entries correctly.
In TAS I put new laptop in 'comp equip: additions' as a fixed asset....correct?
I understand that I should depreciate asset over 8yrs at 12.5%..so do I put 12.5% depreciation each year as an expense in 'bank money paid out' ?
Thanks