Accounting Entries for Depreciation Expenses With Example
During December, it placed property in service for which it must use the mid-quarter convention. This is a short tax year of other than 4 or 8 full calendar months, so it must determine the midpoint of each quarter. The depreciation for the computer for a full year is $2,000 ($5,000 × 0.40). You placed …
Accounting Entries for Depreciation Expenses With Example Read More »