Hi All
We are trying to set up some capital leases that will have a value left over at the end of the assets depreciable life.Example- The asset is capitalized for $10,000 and at the end of the life we can purchase it for $10 so the asset should only depreciate $9990 not the full $10,000.
I could find two methods-
a) Entering Scrap Value %
b) Through manual depreciation
I m not sure if it is going to work for capital lease asset that has purchase price attached to it?
Regards
Pankaj