Generating a balnace sheet – Free Online Small Business Accounting Software Questions & Answers
I am generating a balance sheet for 30th November 2014. The fixed assets value at 1st December 2013 is €2178. With a three year deprecuiation policy – I would have assumed a fixed assets value of €1512.50.
The fixed assets value in the balance sheet as at 30th Nov 2014 is (€968).
Just trying to undestand the numbers and the logic ?