Disposal depreciation rule which is asset depreciated in the final period of its lifetime.
Which is the final month of it's lifetime or on the next month? if I started working in this asset by today 23 Feb. so the depreciation will be on 1 March or it will be in the last month of this lifetime asset ??
b
Bakr
02/23/2021, 1:19 PM
if it is Disposal, it will be in the last month of the asset lifetime\
Bakr
02/23/2021, 1:20 PM
if it is Acquisition, it will be in the same month of the purchasing Feb 23
a
Ahmed Safwat
02/23/2021, 1:20 PM
if it is Acquisition, it will be in the same month of the purchasing Feb 23 understood
Ahmed Safwat
02/23/2021, 1:21 PM
But on which day 23 ?? or at the end of the month
b
Bakr
02/23/2021, 2:08 PM
Im not sure about the date. you have to test it.
a
Ahmed Safwat
02/23/2021, 2:30 PM
Thanks for you Bakr Are you existing in Egypt or Saudi Arabia?