Hey, Im new here and Im hoping this doesnt sound like a stupid question. I trying to figure out when to start depreciating a long term asset. The assests will be depreciated using several methods but the similarity is that they all are bing put into service in the middle of their respective useful life. For instance an assetworth $100,000 with a 10 year useful life that is put into service in year 4 of its life and has a salvage value of 10,000. how much depreciation do I allocate to evey year if its straight line, and do I allocate anything to year 11?
I really hope one of you guys can help,
Thanks in advance
I really hope one of you guys can help,
Thanks in advance