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Life Adjustments

Example: You place an asset in service in Year 1, Quarter 1. The asset cost is $4,000, the life is 4 years, and you are using straight-line depreciation. In Year 2, Quarter 2, you change the asset life to 5 years.

Expensed


Amortized


See Also

Depreciation Rules (Books)

Changing Financial and Depreciation Information

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