Figuring Out Asset Value in Accounting

[Kevin Brown]

I'm pretty good at figuring things out, but this is a conundrum I can't seem to conquer.

When I purchased my SFR it became an asset in Quickbooks for the Land value and the House value. I depreciate the house value each month which decreases the value of the asset. Also, I purchased the property below market value. How in the world do I account for this in QuickBooks so as to show the true asset value of my company? If I am to attempt to get a loan from the bank or line of credit, I assume they will want to see financial statements.