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    • Depriciation calculation - Turkish Laws

    in Assets 3 comments

    Hi Team

    As per turkish laws, depreciation on the asset has to be calculated for full year even if the asset is acquired on any month between the year.

    Example: If the asset is placed in service on 10th September at cost of 12000 USD with useful life of 10 years.

    Here monthly depriciation is 12000/120 = 100 USD.

    But as per turkish laws in the month of September we have to charge accumulated depreciation of 900 USD (100*9) and then october month onwards per month depriciation i.e. 100 USD until asset is fully depriciated.

    Does anyone know how we can accomplish this requirement?

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