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3. Click Depreciate button
*Take note of the Transaction ID for GAAP
4. Click Close button
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6. Click Depreciate button
*Take note of the Transaction ID for GAAP
7. Click Close button
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- Transaction Id = <Transaction ID for GAAP noted is Step 6>
- Sample computation used these dates:
- Date Place in Service is 27, since today is 10/27
- The below numbers vary based on the date of Date Place in service.
- computed as:
- Actual Days = (End of This Month - Date Place in service) + 1
- = (31 - 27) + 1
- = 5
- Depreciation per Month = Basis /12
- = 900/12
- = 75
- Depreciation per Day = Depreciation per Month/No. of Days for This Month
- = 75/31
- = 2.419354
- Depreciation per Day x Actual Days
- = 2.419354 x 5
- =12.10
9. Click Close button
10. Click Close button
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