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werstlingbum werstlingbum
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Posts: 376
6 years ago
A business, which has a calendar year accounting period, purchased an asset on March 1, 2016. The business disposed of the asset on August 31, 2017.  For the calendar year 2017, depreciation should be calculated from January 1 to August 31.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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ediblefruitzediblefruitz
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Posts: 136
6 years ago
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werstlingbum Author
wrote...
6 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
wrote...
6 years ago
That helps more than you thinks, thanks for being so thoughtful
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