Depreciation rates for software purchase?
sanket90
Registered Posts: 3
we have purchased a software 2 months before the financial year end and now I want to depreciate the same. would like to know what are depreciation rates I should use for the same and should I calculate for 2 months or for full year?
0
Comments
-
Depreciate to the residual value over the useful economic life - we cannot tell you what that is.
If it's a significant figure, recognise the two months; if not, common practice is to charge a full year in the year of acquisition and none in the year of disposal.1 -
What is the company' s policy for depreciation?0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership