war22ech03the adjusting process
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When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statement of
When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statement of
When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statement of
When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statement of
When assets are retired or otherwise disposed of, their carrying values and the related accumulated depreciation are eliminated from the consolidated financial
When assets are retired or otherwise disposed of, their carrying values and the related accumulated depreciation are eliminated from the consolidated financial
The useful life of a fixed asset should be reviewed periodically and, if expectations are significantly different from previous estimates, the depreciation charge for the current
The annual depreciation rates are based on the following estimated average asset lives as per the MFMA - Local Government Capital Assets Management Guideline: Asset Description
