It can be really helpful during an audit.
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A fixed asset can be grouped by
- Control account - acquisition cost
- Control account - accumulated depreciation
- Custom depreciation expense account
Which account is intended to be shown here?
Btw in my opinion it would be better if
- assets were assigned to groups which defined these 3 accounts.
- The asset group was used to structure reporting, shown here and during drill down.
As described in more detail here Accum. Depreciation/Depreciation expense: Custom control/expense accounts - #23 by Patch
The form only shows charge for the year so it is the “Custom depreciation expense account” I’m talking about here.
Added to the latest version (22.6.3)
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