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Sir
When a company has a policy of charging full depreciation in the year of acquisition and none in the year of disposal, How is this treated?Hi,
It is very literal, so if we but an asset six months into the year, then we charge a full twelve months of depreciation.
If we sell it in a future reporting period, say after 11 months have elapsed, then no depreciation is charged in that year as it has been disposed.
Thanks
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