Your balance sheet is showing accumulated depreciation instead of book value due to misconfigured journal entries or report settings. Try these fixes:

1. Check Journal Entries
   • Debit: Depreciation Expense (600012)
   • Credit: Accumulated Depreciation (101002)
   • Ensure the Fixed Asset Account (101001) is not directly credited.
2. Review Balance Sheet Settings
   • Ensure it displays Net Book Value (Asset Cost - Accumulated Depreciation) instead of just accumulated depreciation.
3. Test with Manual Journal Entry
   • Debit: Fixed Asset Account (101001) with the asset cost.
   • Credit: Accumulated Depreciation (101002) with depreciation amount.
   • Debit: Depreciation Expense (600012).
4. Recompute & Regenerate Reports
   • Refresh the balance sheet after adjustments.

If the issue persists, verify how depreciation is recorded in Journal Entries and share details if needed!