Cost Adjustments to Assets Using a Life-Based Depreciation Method
Example: You place an asset in service in Year 1, Quarter 1. The recoverable cost is $4,000. The life of your asset is 4 years, and you are using straight-line depreciation. In Year 1, Quarter 4, you receive an additional invoice for the asset and change the recoverable cost to $4,800.
Expensed
Amortized
See Also
Changing Financial and Depreciation Information
Amortized and Expensed Adjustments
Depreciation Rules (Books)
