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Assuming I want to depreciate a new asset using the 50-30-20 SBC depreciation rate, and the asset was purchased part way through the financial year, does this mean the 50% in the first year is pro-rated for only the remaining part of the financial year? If so, is it pro-rated on a daily basis, or monthly?
Assuming I want to depreciate a new asset using the 50-30-20 SBC depreciation rate, and the asset was purchased part way through the financial year, does this mean the 50% in the first year is pro-rated for only the remaining part of the financial year? If so, is it pro-rated on a daily basis, or monthly?