swaitsandClaude Opus 5.5
ea14dfc986
Book value is cost less what the books posted; the schedule's figure is apart. An asset's acquired date comes from its entry. Contributed property keeps its section 723 carryover basis apart from its depreciable basis (the lower of value and adjusted basis), with its 704(c) built-in gain and method. The K-1 worksheet reports tax-basis capital (Form 1065 Item L) beside the book figures, leaving open what only the CPA knows. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
96 lines
2.7 KiB
TOML
96 lines
2.7 KiB
TOML
# P3 defect 13, named regression 2 (a_reversed_depreciation_run_is_not_posted), its
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# posted figure; a reversal of the reversal reinstates the run.
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id = "assets-a-reversed-run-is-not-posted"
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title = "A reversed depreciation run is no longer posted; reversing the reversal reinstates it"
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rule = "The accumulated depreciation the books carry for an asset counts each run while its entry stands: a reversal takes the run back from the reversal's date, and a reversal of that reversal puts it back from its own date."
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status = "AUTHORITY"
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sources = [
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"wanderbooks docs/spec/rules.md B-8, B-9 (a correction is an opposite entry; reversing the reversal reinstates the original)",
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"wanderbooks docs/spec/rules.md B-24",
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]
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tags = ["fixed-assets", "depreciation", "reversal"]
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[setup]
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currency = "USD"
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fiscal_year_start = "01-01"
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basis = "accrual"
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rounding = "half-away-from-zero"
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[[setup.accounts]]
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code = "1000"
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name = "Bank"
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type = "asset"
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[[setup.accounts]]
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code = "1500"
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name = "Equipment"
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type = "asset"
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[[setup.accounts]]
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code = "1510"
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name = "Accumulated Depreciation"
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type = "asset"
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[[setup.accounts]]
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code = "6200"
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name = "Depreciation Expense"
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type = "expense"
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# 1,200.00, no salvage, 12 months from 2026-01-01: 100.00 a month.
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[[setup.assets]]
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id = "printer"
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description = "Printer"
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cost = "1200.00"
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salvage = "0.00"
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life_months = 12
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in_service = "2026-01-01"
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method = "straight_line"
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cost_account = "1500"
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accumulated_account = "1510"
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expense_account = "6200"
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acquired_by = 1
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[[events]]
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date = "2026-01-01"
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description = "Printer bought"
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lines = [
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{ account = "1500", side = "debit", amount = "1200.00" },
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{ account = "1000", side = "credit", amount = "1200.00" },
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]
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# January's run: 100.00, dated Jan 31.
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[[events]]
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run_depreciation = { asset = "printer", period = "2026-01" }
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[[events]]
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date = "2026-02-01"
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description = "Reversal of the January run"
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reverses = 2
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[[events]]
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date = "2026-02-02"
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description = "Reversal of the reversal"
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reverses = 3
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# Hand check: on Jan 31 the books carry January's run, 100.00; on Feb 1 its
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# reversal takes it back, 0.00, while the schedule through Feb 1 is
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# 100.00 + 100.00 x 1/28 = 103.57 (all of it unposted); on Feb 2 the
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# reversal of the reversal puts the run back, 100.00.
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[[expect]]
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query = "register_row"
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asset = "printer"
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as_of = "2026-01-31"
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values = { accumulated_posted = "100.00", book_value = "1100.00" }
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[[expect]]
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query = "register_row"
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asset = "printer"
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as_of = "2026-02-01"
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values = { accumulated_posted = "0.00", accumulated_scheduled = "103.57", unposted = "103.57", book_value = "1200.00" }
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[[expect]]
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query = "register_row"
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asset = "printer"
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as_of = "2026-02-02"
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values = { accumulated_posted = "100.00", book_value = "1100.00" }
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