Cost Adjustments to Assets Using a Diminishing Value Depreciation Method
Example: You place an asset in service in Year 1, Quarter 1. The recoverable cost is $4,000. You are using a 20% flat-rate that you apply to the beginning of year net book value. In Year 2, Quarter 1, you change the recoverable cost to $4,800.
Expensed
Amortized
See Also
Changing Financial and Depreciation Information
Amortized and Expensed Adjustments
Depreciation Rules (Books)
