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Depreciation

chazwazza · 2008-11-07 12:29:30

Hi, I am putting together mgt accounts Jan - Oct and i am adjusting for depreciation. In the case for an assett purchased in April should i add a provision for Jan, Feb & March for the asset so that a full years depreciation hafor ths been allocated at the end of the year? Thanks

07-11-2008 1:29pm

#1

chazwazza

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Hi,

I am putting together mgt accounts Jan - Oct and i am adjusting for depreciation. In the case for an assett purchased in April should i add a provision for Jan, Feb & March for the asset so that a full years depreciation hafor ths been allocated at the end of the year?

Thanks

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Comments

#2 07-11-2008 5:58pm

Baby4

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#3 08-11-2008 1:32am

Hanley

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Baby4 wrote: »

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+1

And unless the depreciation charge is mega high, it probably wouldn't be material anyway.

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#4 09-11-2008 8:27am

Mr Clonfadda

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If you put three months extra depreciation into my books you would be changing it pronto. In an audit situation you would charge a full year if they haven't done any accounts etc. In management accounts you will charge depreciation for a full month in the month of acquistion and nothing before this.

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