Question: Monitoring the specific days on which depreciable assets are bought and sold seems like a tedious process. Do companies use a simpler method for assigning depreciation when a piece of property or equipment is
held for less than a full year?
Answer: Most companies hold many depreciable assets, often thousands. Depreciation is nothing more than a
mechanical cost allocation process. It is not an attempt to mirror current value. Consequently, company officials
often prefer not to invest the time and effort needed to keep track of the specific number of days or weeks of
an asset’s use during the years of purchase and sale. As a result, depreciation is often calculated to the nearest
month when one of these transactions is made. A full month of expense is recorded if an asset is held for fifteen
days or more whereas no depreciation is recognized in a month where usage is less than fifteen days. No genuine
informational value comes from monitoring the depreciation of assets down to days, hours, and minutes. An
automobile acquired on March 19, for example, is depreciated as if bought on April 1. A computer sold on
November 11 is assumed to have been used until October 31.
As another accepted alternative, many companies apply the half-year convention (or some variation). When
property or equipment is owned for any period less than a full year, a half year of depreciation is automatically
assumed. Maintenance of exact records is not necessary. Long-lived assets are typically bought and sold at various
times throughout each period so that, on the average, one-half year is a reasonable assumption. As long as such
approaches are applied consistently, reported figures are viewed as fairly presented. Property and equipment
bought on February 3 or sold on November 27 is depreciated for exactly one-half year in both situations.
Why Work with Us
Top Quality and Well-Researched Papers
Our writers are encouraged to read and research widely to have rich information before writing clients’ papers. Therefore, be it high school or PhD level paper, it will always be a well-researched work handled by experts.
Professional and Experienced Academic Writers
For one to become part of our team, thorough interview and vetting is undertaken to make sure their academic level and experience are beyond reproach, hence enabling us give our clients top quality work.
Free Unlimited Revisions
Once you have received your paper and feel that some issues have been missed, just request for revision and it will be done. In addition, you can present your work to the tutor and he/she asks for improvement/changes, we are always ready to assist.
Prompt Delivery and 100% Money-Back-Guarantee
All our papers are sent to the clients before the deadline to allow them time to review the work before presenting to the tutor. If for some reason we feel our writers cannot meet the deadline, we will contact you to ask for more time. If this is not possible, then the paid amount will be refunded.
Original & Confidential
Our writers have been trained to ensure work produced is free of plagiarism. Software to check originality are also applied. Our clients’ information is highly guarded from third parties to ensure confidentiality is maintained.
24/7 Customer Support
Our support team is available 24 hours, 7 days a week. You can reach the team via live chat, email or phone call. You can always get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
You have had a hectic day, and still need to complete your assignment, yet it is late at night. No need to panic. Place your order with us, retire to bed, and once you wake up, the paper will be ready.
It does not matter the urgency of your paper, or the academic level, our team is ready to help you 24/7. Just contact us and all your academic needs will be sorted.
Admission Essays & Business Writing Help
A student is often required to write an admission letter requesting to be admitted in a certain institution. For you to be gain that admission in your dream institution, you must write a convincing letter. You can depend on our team for the best admission letters.
Academic writing is not just about getting information and throwing it all over. Our team will ensure you have a polished paper that is coherent and has a good flow of information. We also ensure the paper follows the correct formatting styles like APA, Harvard, MLA, Chicago/Turabian.
If our writers write a paper but you are not satisfied in one way or another, you can always ask for revision. This is totally free. Our writers and editors will revise your paper untill you are be totally satisfied. We as well offer revision for papers not done by our writers at a small fee.