jimskime
Level 3

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.

 

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