Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 31)
When calculating depreciation expense for a partial year, what factor is usually considered?
The number of months the asset was in use during the year.
The asset's salvage value.
The asset's original cost.
The asset's market value.
Explanation
Depreciation is typically calculated based on the number of months the asset was in use during the year, relative to the total number of months in the year.
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