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Partial-Year Depreciation - When a plant asset is acquired during the year, depreciation is calculated for the fraction of the year the asset is owned.
Partial-Year Depreciation - When a plant asset is acquired during the year, depreciation is calculated for the fraction of the year the asset is owned. Example: Assume our machinery was purchased on October 8, 2014 at a cost of $10,000. The salvage value is $1000 and the useful life is 5 years. Calculate the depreciation expense for December 31, 2014 using the straight-line method
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