Why must the calculation of depreciation be adjusted for any fraction of a year since the purchase

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Why must the calculation of depreciation be adjusted for any fraction of a year since the purchase when the straight-line and diminishing-balance methods are used, but no adjustment is needed when the units-of-production method is used?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:17 AM

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Why must the calculation of depreciation be adjusted for any fraction of a year since the purchase

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The straightline and diminishingbalance methods use annual depreciation r...View the full answer

Financial Accounting Tools for Business Decision Making

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