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Asset Retirement Convention

Posted: Thu May 13, 2010 7:33 am
by navson
Dear All

What should be the retirement convention if the company policy is, full depreciate in the month of purhase and no depreciation in the month of sale.

Regards

Naveed

Posted: Sun May 16, 2010 10:02 am
by shaikjohnpasha
Hi,

Select the first day of the month for full depreciation of the month in the case purchase.
Select last day of previous month in the case retirement.

Regards,