[Kmymoney] how to best update an asset's value to the current market value

[Michael Berger]

Hi Thomas,
is the method described in your reply to my inquiry the only way to 
track a property's appreciation/depreciation and to distinguish between 
unrealized and realized gains in KMM?

Cheers,

Michael Berger


On 10/03/2012 05:17 PM, Michael Berger wrote:
>
> Hi Thomas,
> thanks for your prompt reply.
>
> Hmmm? But I am going to try that.
>
> Michael Berger
>
>
> On 10/03/2012 03:05 PM, Thomas Baumgart wrote:
>> Hi,
>>
>> On Wednesday 03 October 2012 14:08:09 Michael Berger wrote:
>>
>>> Hi Thomas,
>>> let us assume we bought a property some years ago.
>>> We paid 1000 for it, created an asset account NEWASSET in KMM and 
>>> valued
>>> it 1000.
>>>
>>> The market value today is estimated to be 1100 and accordingly we want
>>> to adjust the old value to 1100 in KMM.
>> In case you treat your asset this way, you will have to turn it into an
>> investment account. You could easily do the following:
>>
>> a) create a security (e.g. property/sqare-meter)
>> b) give it a symbol (e.g. PSM-House)
>> c) enter a price for the date you bought the property (e.g. 1000 @ 
>> 1/1/2001)
>> d) create an investment account (opening date 1/1/2001)
>> e) buy property (e.g. 1000 m²  on 1/1/2001)
>>
>> now you can check the value of the investment account which should be
>> 1,000,000)
>>
>> f) enter a price for today (e.g. 1100 @ 10/1/2012)
>>
>> The value should change to 1,100,000 w/o any changes in income and 
>> expense.
>>
>>
>> They way you try to do that won't work :(
>>
>>
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