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Thread: Motor Vehicle Depreciation

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    Motor Vehicle Depreciation

    If motor vehicle depreciation has not being processed when the motor vehicle was purchased. Is it possible to bring depreciation at a later stage. If yes, what would the transactions be in Sage Pastel Partner Version 19

    Please assist with the cost codes and kinds.

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    Quote Originally Posted by Zelda Bennett View Post
    If motor vehicle depreciation has not being processed when the motor vehicle was purchased. Is it possible to bring depreciation at a later stage. If yes, what would the transactions be in Sage Pastel Partner Version 19

    Please assist with the cost codes and kinds.
    Sorry I can't answer your question, bur for Depreciation, try AssetWiz.

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    If you used the generic chart of accounts when you created the company, You would have Fixed Assets - Motor Vehicles - 6200/010 - at cost and 6200/020 - accumulated depreciation. You should also have the depreciation expenses 3450/000.
    Debit 3450/000 and credit 6200/020

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