[mommyof3texans]

Is there a solid rule for when to count depreciation for the year when the sale takes place on Dec. 31? Do I assume we depreciate the asset for the year before the sale to reach the book value?

BEC - 02/21/15 - 82
FAR - 05/29/15 - 82
AUD - 07/09/15 - 93
REG - 11/14/15 - 80

All done!!!

[EuroAddict]

I think it will tell you in the Q of how the company depreciates its assets. That was a little confusing for me as well.

Side note: Moving from NY to TX this summer.

-----------------------------
BEC - 77, 03/2015 (first try)
FAR - 79, 05/2015 (second try)
REG - 83, 12/2015 (first try)
AUD - 84, 03/2015 (first try)

I got 99 problems but the CPA ain't one.

[Author]

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