Question { HP, 63348 }
What is asset class? What are depreciation areas?
Answer
dep. area consist method of dep., type of dep., multilevel method & Periodic controls.
Example:method of dep=% of dep or Useful life
Type of Dep: ordinary or special dep.
Multilevel method: SLM or WDV
Periodic Control Method: if asset acq. or use
morethan 180 Days then full
dep. otherwise half dep. cal.