• From: USA
  • Registered: 03/26/2013
  • Posts: 93

Topic: Item depreciation is not accounted in Profit & Loss statement

I purchased a laptop for $1000 -> depreciation 50% per year, but it will not show in Profit & Loss Statement at the end of the year.

What am I missing?

The item show as asset in the system but it's not calculated for end of year tax deduction.