Wednesday, October 22, 2008

Calculate Partial Year Depreciation

When a plant asset is acquired during the middle of a year or month, depreciation is calculated for the fraction of the year the asset is owned. For example, if it was purchased in June, it would be equal to .5 years

No comments:

Popular Accounting Problems

The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.