View Full Version : Asset Register
homehydro
3rd June 2010, 07:48
Hi, quick question - if I have an asset register that at the end of last year (after years of depreciation) was worth £10k and with only one more year to run it would be worth zero - would that mean that if I sold it (the assets) 6 months into the current year it should be worth £5k if I wanted to sell it.
many thanks
taxattack
3rd June 2010, 08:16
Hi, quick question - if I have an asset register that at the end of last year (after years of depreciation) was worth £10k and with only one more year to run it would be worth zero - would that mean that if I sold it (the assets) 6 months into the current year it should be worth £5k if I wanted to sell it.
many thanks
Not sure if this answers your question, but market value is not necessarily the same as the depreciated amount.
Chris
homehydro
3rd June 2010, 08:19
but can I sell it for the depreciated amount if I wish?
plus most is office and computer related so of no real value
You really don't want Prof. Zeno's lecture on what depreciated historic cost actually represents and the difference between this an market value so perhaps if you tell us why you want to sell it and to whom?
GaryMc
3rd June 2010, 09:02
You really don't want Prof. Zeno's lecture on what depreciated historic cost actually represents and the difference between this an market value so perhaps if you tell us why you want to sell it and to whom?
Go on you know you want to impart that wisdom :D Do it anyway
elainec100@cheapaccounting
3rd June 2010, 09:24
You really don't want Prof. Zeno's lecture on what depreciated historic cost actually represents and the difference between this an market value so perhaps if you tell us why you want to sell it and to whom?
oh yes please Prof Zeno - I am all ears! :):)
taxattack
3rd June 2010, 10:12
but can I sell it for the depreciated amount if I wish?
plus most is office and computer related so of no real value
Is this perchance company assets which you are planning to buy yourself from the company?
Chris
homehydro
3rd June 2010, 10:36
ok from one ltd to another ltd of which I own both, asset value is small and yes market value may be slightly higher :rolleyes:.