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Personal Finance
HomeForumsPersonal FinanceAccounting Question - Which book value should I record?
Chris Sweeney's profile image
Chris Sweeney's profile image
Chris Sweeney
  • Investor
  • from Ambler, PA
  • Member since Mar 22, 2016
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Chris Sweeney's profile image
Chris Sweeney's profile image
Chris Sweeney
  • Investor
  • from Ambler, PA
  • Member since Mar 22, 2016
Connect
Chris Sweeney
  • Investor
  • Ambler, PA
2
Votes |
27
Posts
Personal Finance

Accounting Question - Which book value should I record?

Chris Sweeney
  • Investor
  • Ambler, PA
Posted Mar 18 2018, 08:08

Quick accounting question. I just bought a duplex for $225k. It appraised for $250k. Should I record the book value in my accounting software as $225k or $250k? Benefits and drawbacks of doing it one way vs. the other? Thanks!

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