jimskime
Level 3
07-21-2020
11:55 AM
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We depreciated an asset for five years MACRS with a large salvage value. Originally it was expected that the asset would be sold after five years. How do we S/L depreciate that leftover salvage value now that the client has decided to keep the asset longer without messing up the balance sheet?
I HAVE ALL THE COMMENTS I NEED. THANKS FOR THE SNARKINESS ESPECIALLY.
Solved! Go to Solution.
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