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Hi How you have separated the land and construction would be fine. The 'other' account I would generally have all legals and costs associated with the sale, or valuations done after purchase, things like that. Alternatively, these can just be added to the cost base but some people like them...

Hi! Recommendations: For the LVP and depreciation, put both into the same expense account and use a separate one for each entity. The DR is to the depreciation - IP1 and then you would CR accumulated depreciation (a -asset account) the same amount. For capital works deduction you...