The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> Property Depreciation
Post Info TOPIC: Property Depreciation
ada


Newbie

Status: Offline
Posts: 1
Date:
Property Depreciation
Permalink  

Hello,i'm new here.Does anyone know what nominal code to use for recording depreciation for a property.I thought i might use 0011 as BO and create one as 8005 as BP&L.

Any help would be very welcome.

Thank you!no

 



__________________
Shamus


Forum Moderator & Expert

Status: Offline
Posts: 11981
Date:
Permalink  

Hi Deliu,

welcome to the forum.

before we answer you need to introduce yourself so that people know at what level to pitch the answers. i.e. level of experience, practicing under which body? etc.

Also if you could include your first name in your signature so that people do not refer to you as ada (seems very impersonal using peoples profile names).

I assume that you are asking about Sage but you need to state in questions the software that youu are referring to.

And lastly, are you sure that you should be depreciating this property at all? What is the expected property life? Does everything relate to the structure of the property? What is the full scenario in relation to this property? i.e. what is it to the business?

look forwards to chatting soon,

kindest regards,

Shaun.

__________________

Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink  

Came across this one by accident - great when someone asks a question, but then completely ignores the questions posed by someone who has taken time to respond and needs the answers to those questions to assist further.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
abacus12345


Guru

Status: Offline
Posts: 1363
Date:
Permalink  

Assuming a property isn't an investment property...

How can you split the bricks from the land? I take it a professional valuation is needed before any thoughts of a depreciation figure can be calculated!

I'm sure I read somewhere that a particular type of land can be depreciated, exception rather than the rule though of course.



__________________

Johnny  - Owner of an overly-active keyboard. 

A man who can read, yet doesn't, is in no way wiser than a man who can't.

 
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> Property Depreciation
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About