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Future depreciation impact of adjusting capital asset values
Future depreciation impact of adjusting capital asset values
Description of Issue
What is the impact of adjusting the acquisition cost and depreciation principle of a capital asset that has already been depreciated?
Context
Capital Assets
Cause
Informational
Resolution
Future depreciation processing will either be increased or decreased depending on how the asset values were adjusted:
If asset has value increased, expect depreciation processing values to increase
If asset has value decreased, expect depreciation processing values to decrease
Additional Information