is a personal and small business finance application (documentation).
| ch_capgain.xml (gnucash-docs-4.12) | : | ch_capgain.xml (gnucash-docs-4.13) |
|---|
| | |
| skipping to change at line 179 | | skipping to change at line 179 |
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| <para>Start with an account hierarchy similar to that shown in <xref | | <para>Start with an account hierarchy similar to that shown in <xref |
| linkend="capgain_accounts1" />, | | linkend="capgain_accounts1" />, |
| but replace <emphasis>ITEM1</emphasis> with <emphasis>Degas</emphasis> and
remove the | | but replace <emphasis>ITEM1</emphasis> with <emphasis>Degas</emphasis> and
remove the |
| <emphasis>ITEM2</emphasis> accounts. We will assume that the Degas paintin
g had an initial value of | | <emphasis>ITEM2</emphasis> accounts. We will assume that the Degas paintin
g had an initial value of |
| one hundred thousand dollars. Begin by giving your self $100,000 in the ba
nk and then | | one hundred thousand dollars. Begin by giving your self $100,000 in the ba
nk and then |
| transferring that from your bank account to your <emphasis>Assets:Fixed | | transferring that from your bank account to your <emphasis>Assets:Fixed |
| Assets:Degas:Cost</emphasis> account (the asset purchase transaction). You
should now have a | | Assets:Degas:Cost</emphasis> account (the asset purchase transaction). You
should now have a |
| main account window which appears like this: | | main account window which appears like this: |
| </para> | | </para> |
| | |
|
| <screenshot id="capgain_appmain"> | | <figure pgwide="1"> |
| <mediaobject> | | <title>Asset Appreciation Main Window</title> |
| <imageobject> | | <screenshot id="capgain_appmain"> |
| <imagedata fileref="figures/capgain_appmain.png" | | <mediaobject> |
| srccredit="Bengt Thuree" /> | | <imageobject> |
| </imageobject> | | <imagedata fileref="figures/capgain_appmain.png" |
| | | srccredit="Bengt Thuree" /> |
| <textobject> | | </imageobject> |
| <phrase>Asset Appreciation Main Window</phrase> | | <caption> |
| </textobject> | | <para>The asset appreciation example main window |
| | | </para> |
| <caption> | | </caption> |
| <para>The asset appreciation example main window | | </mediaobject> |
| </para> | | </screenshot> |
| </caption> | | </figure> |
| </mediaobject> | | |
| </screenshot> | | |
| | |
| <sect2 id="capgain_exampleunrealized2"> | | <sect2 id="capgain_exampleunrealized2"> |
| <title>Unrealized Gains</title> | | <title>Unrealized Gains</title> |
| | |
| <para>A month later, you have reason to suspect that the value of your pai
nting has increased by $10,000 | | <para>A month later, you have reason to suspect that the value of your pai
nting has increased by $10,000 |
| (an unrealized gain). In order to record this you transfer $10,000 from
your | | (an unrealized gain). In order to record this you transfer $10,000 from
your |
| <emphasis>Income:Unrealized Gains</emphasis> account to your <emphasis>A
ssets:Fixed Assets:Degas:Unrealized Gains</emphasis> account. | | <emphasis>Income:Unrealized Gains</emphasis> account to your <emphasis>A
ssets:Fixed Assets:Degas:Unrealized Gains</emphasis> account. |
| Your main window will resemble this: | | Your main window will resemble this: |
| </para> | | </para> |
| | |
|
| <screenshot id="capgain_app2main"> | | <figure pgwide="1"> |
| <mediaobject> | | <title>Asset Appreciation Main Window</title> |
| <imageobject> | | <screenshot id="capgain_app2main"> |
| <imagedata fileref="figures/capgain_app2main.png" | | <mediaobject> |
| srccredit="Bengt Thuree" /> | | <imageobject> |
| </imageobject> | | <imagedata fileref="figures/capgain_app2main.png" |
| | | srccredit="Bengt Thuree" /> |
| <textobject> | | </imageobject> |
| <phrase>Asset Appreciation Main Window</phrase> | | <caption> |
| </textobject> | | <para>Chart of Accounts after unrealized gain |
| | | </para> |
| <caption> | | </caption> |
| <para>Chart of Accounts after unrealized gain | | </mediaobject> |
| </para> | | </screenshot> |
| </caption> | | </figure> |
| </mediaobject> | | |
| </screenshot> | | |
| </sect2> | | </sect2> |
| | |
| <sect2 id="capgain_examplesell2"> | | <sect2 id="capgain_examplesell2"> |
| <title>Selling</title> | | <title>Selling</title> |
| | |
| <para>Let’s suppose another month later prices for Degas paintings h
ave gone up some more, in this | | <para>Let’s suppose another month later prices for Degas paintings h
ave gone up some more, in this |
| case about $20,000, you estimate. You duly record the $20,000 as an unre
alized income like | | case about $20,000, you estimate. You duly record the $20,000 as an unre
alized income like |
| above, then decide to sell the painting. | | above, then decide to sell the painting. |
| </para> | | </para> |
| | |
| | |
| skipping to change at line 345 | | skipping to change at line 341 |
|---|
| </row> | | </row> |
| </tbody> | | </tbody> |
| </tgroup> | | </tgroup> |
| </table> | | </table> |
| </para> | | </para> |
| | |
| <para>This leaves the <emphasis>Assets:Current Assets:Savings</emphasi
s> account with a total of | | <para>This leaves the <emphasis>Assets:Current Assets:Savings</emphasi
s> account with a total of |
| $130,000 and <emphasis>Income:Realized Gains</emphasis> with a total
of $30,000. | | $130,000 and <emphasis>Income:Realized Gains</emphasis> with a total
of $30,000. |
| </para> | | </para> |
| | |
|
| <screenshot id="capgain_app3main"> | | <figure pgwide="1"> |
| <mediaobject> | | <title>Asset Appreciation Main Window</title> |
| <imageobject> | | <screenshot id="capgain_app3main"> |
| <imagedata fileref="figures/capgain_app3main.png" | | <mediaobject> |
| srccredit="Bengt Thuree" /> | | <imageobject> |
| </imageobject> | | <imagedata fileref="figures/capgain_app3main.png" |
| | | srccredit="Bengt Thuree" /> |
| <textobject> | | </imageobject> |
| <phrase>Asset Appreciation Main Window</phrase> | | <caption> |
| </textobject> | | <para>Chart of Accounts after realized gains |
| | | </para> |
| <caption> | | </caption> |
| <para>Chart of Accounts after realized gains | | </mediaobject> |
| </para> | | </screenshot> |
| </caption> | | </figure> |
| </mediaobject> | | |
| </screenshot> | | |
| </listitem> | | </listitem> |
| | |
| <listitem> | | <listitem> |
| <para><emphasis>Over estimation</emphasis> of unrealized gains. | | <para><emphasis>Over estimation</emphasis> of unrealized gains. |
| </para> | | </para> |
| | |
| <para>You were over-optimistic about the value of the painting. Instea
d of the $130,000 you thought the | | <para>You were over-optimistic about the value of the painting. Instea
d of the $130,000 you thought the |
| painting was worth you are only offered $120,000. But you still deci
de to sell, because | | painting was worth you are only offered $120,000. But you still deci
de to sell, because |
| you value $120,000 more than you value the painting. The numbers cha
nge a little bit, but | | you value $120,000 more than you value the painting. The numbers cha
nge a little bit, but |
| not too dramatically. | | not too dramatically. |
| | | |
| End of changes. 3 change blocks. |
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| 51 lines changed or deleted | | 45 lines changed or added |
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