Reinstatement of Assets
Place in service : 1-Jan-2010
Retired : 31-Dec-2010
Re-instated : 31-Dec-2010
So does the place in service will change to 31-Dec-2010 / not? . No depreciation will be calculated for Re-instated assets. The only purpose of Re-instatement is that we can still use the asset.
Do validate my understanding and throw some light.