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Former Member
Mar 27, 2009 at 10:33 AM

Asset Depreciation accounting standard

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Hi All,

I need to do a asset shutdown.

Accounting standard state that "Depreciation does not cease when the asset becomes idle. However Under usage methods of depreciation the depreciation charge can be zero while there is no production".

What are the usage methods of depreciation? According to the accounting standard, If there's no production for a certain time period, can i make those assets with no depreciation?

pls help.

Ava