Selling Depreciable Assets
Selling Depreciable Assets
Assuming the Primary user is 40 years old, this example shows how to plan for the sale of a car she bought for 30 thousand dollars 2 years ago, and which she plans to sell in 3 years. The car is expected to depreciate at 15% annually, and she put 10% down on it. She pays $1,500 in insurance costs
Invoke the Asset Manager like this:
Click Next displays the Asset Description tab:
Use the table below, and the Asset tabs that will appear as you progress through the Asset Manager, to specify the car purchase transaction as defined above:
Notice that,since the car is already owned, you can specify its Primary's Purchase Age with '0'. Also, the $1,500 in insurance costs are specified as 1.5 (thousand).
Assuming the Primary user is 40 years old, this example shows how to plan for the sale of a car she bought for 30 thousand dollars 2 years ago, and which she plans to sell in 3 years. The car is expected to depreciate at 15% annually, and she put 10% down on it. She pays $1,500 in insurance costs
Invoke the Asset Manager like this:
Click Next displays the Asset Description tab:
Use the table below, and the Asset tabs that will appear as you progress through the Asset Manager, to specify the car purchase transaction as defined above:
Notice that,since the car is already owned, you can specify its Primary's Purchase Age with '0'. Also, the $1,500 in insurance costs are specified as 1.5 (thousand).