Adjusting Asset Values

This is a discussion on Adjusting Asset Values within the Microsoft Money forums in Microsoft Tools category; Hello. I have two scenarios for which I could use advise. 1. I have an asset account set up for a boat. I want to reduce the value of the asset to more accurately reflect the correct value. What would be the best corresponding account to offset the value? 2. I have an asset account for sporting goods. Throughout the year, I've purchased some equipment and expensed under Hobbies/Leisure:Sporting Goods. Additionally, I inherited some firearms. I want increase the value of the sporting goods asset. What would be the best corresponding account(s) to offset the value? TIA, Eric...

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Old 01-19-2008, 06:36 PM
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Default Adjusting Asset Values

Hello. I have two scenarios for which I could use advise.

1. I have an asset account set up for a boat. I want to reduce the value of the asset to more accurately reflect the correct value. What would be the best corresponding account to offset the value?

2. I have an asset account for sporting goods. Throughout the year, I've purchased some equipment and expensed under Hobbies/Leisure:Sporting Goods. Additionally, I inherited some firearms. I want increase the value of the sporting goods asset. What would be the best corresponding account(s) to offset the value?

TIA,

Eric
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