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Post Info TOPIC: Depreciation - Sage Instant accounts
bjlabuk


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Depreciation - Sage Instant accounts
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Hi,

At the end of the last financial year our office equipment had fully depreciated, so the Balance Sheet showed

Office Equipment                          £3200

Office Equipment Depreciation                     £3200

 

In preparing this years accounts I see that Sage still shows these figures.   We have bought new pieces of office equipment but nothing of significant expense worth capitalising.

What should we do with the existing figures above?  Do we continue to show them from year to year, or this year do we show the office equipment with zero value with zero depreciation ?

If we zero the figures is that done via a journal entry?

Advice would be appreciated. Thanks

bjlabuk

 

 



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Andy_L75


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If you still have the assets then keep them as they are. You still need to show them in the accounts

Andy

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bjlabuk


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Thanks. We still have them.

bjlabuk

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