Depreciation

Depreciation

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Hi I have a quick question, am I right to say that depreciation can't be charged until the asset is in use?

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By WhichTyler
20th Oct 2011 23:08

Correct

The point of a depreciation policy is to match the cost of an asset to its useful economic life. If the 'life' hasn't started yet, then don't start depreciating.

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