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    Purpose of and method of depreciation for partial years.

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    Explain the purpose of and method of depreciation for partial years.

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    Explain the purpose of and method of depreciation for partial years.

    Depreciation is the method of allocating the cost of the long lived assets to expense over the estimated useful life of the asset. For example, if the machinery is purchased as on Jan 1st 2009 for $100000 and the economic life of the asset is 10 years, then the amount of depreciation to be accounted for the financial year 2009 under straight line method of ...

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    The expert explains the purpose of and method of depreciation for partial years.

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