Ubuntu
kmymoney2 package

how to add depreciation to a car account

Asked by yvan

How should I set up a car account with depreciation in kmymoney?
Thanks

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Hei Ku
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Best Hei Ku (asoliverez) said : 		#1

there is no automatic process for that.
You can create an asset account, and then you create a new transaction each year for the amount you want to depreciate.

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yvan (yvan-strahm) said : 		#2

Thanks Hei Ku, that solved my question.

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wopaga3 (wopaga3) said : 		#3

When considering how to add depreciation to a car account, it's crucial to follow a systematic approach. Tracking depreciation ensures accurate financial reporting and reflects the vehicle's decreasing value over time. To gain insights into managing car depreciation effectively, explore resources like https://auto-auctions.co/. This platform provides valuable information on auto values and depreciation trends, aiding in sound financial decision-making.