I’m a non accountant ‘playing’ with the above. I take on board the topic Re-Valuing an Asset, which mentions the use of periodic journal entries for increase in value of assets (eg properties), or simply leaving them at book value. However, I wondered why the automatic depreciation will not calculate a ‘negative %age depreciation’ ( ie increase in value) when it reports. It reports a -& but doesn’t calculate the depreciation (appreciation).
If this sounds a stupid question reflecting my general accounting ignorance, then I apologise in advance.