If an asset is disposed of during the year,there is no need to calculate depreciation from the beginning of the year of disposal to the date of disposal.

Name: If an asset is disposed of during the year,there is no need to calculate depreciation from the beginning of the year of disposal to the date of disposal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation needs to be calculated from the beginning of the year up to the date of disposal to accurately reflect the asset's use and value reduction during that period.

If an Asset Is Disposed of During the Year,there Is