Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Question from Zhian on Jun 5 at 9:14 PM Hi All,
I have a subsequent expenditure on an existing asset and is considered to be capitalized since the useful life of the asset will be extended. How will this affect the computation of Depreciation Expense for the prior, current and future fiscal years?
When I tried to test this, the computation for Depreciation Expense for the prior year and periods are also adjusted. And I think this should not be the case. The change in useful life and additional cost should only take effect on current period onwards.
Help!
Thanks
Zhian
PH
| Reply to this email to post your response. __.____._ | In the Spotlight Become a blogger at Toolbox.com and share your expertise with the community. Start today.   _.____.__ |
