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Calculation of Full Day for SL Depreciation Method

  • January 25, 2025
  • 1 reply
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Jr Varsity II
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Hello!

We are calculating Depreciation for number of days from the Placed-in Service Date. 

I want to know how the depreciation is calculated as seems it does not calculate depreciation based on 365-day calendar. 

Depreciation per Day = Acquistion value / (365 * number of years)

First, I thought of above but seems is takes days around 371. 

Can anyone please help me with this?

Thank You!

 

Best answer by nhatnghetinh

Hi ​@apallawala21 

Please refer to the post below it may help you.

 

Best Regards,

NNT

    robk20

    1 reply

    nhatnghetinh
    Captain II
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    • nhatnghetinh
    • Captain II
    • Answer
    • January 25, 2025

    Hi ​@apallawala21 

    Please refer to the post below it may help you.

     

    Best Regards,

    NNT

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