Depreciation

t_brooks User Posts: 1 Joined: 15/10/2011	#1 15/10/2011 14:27 how can we delete and assets if we are using reducing balance method for calculating depreciation, do we have to run impairment test as well?

buckner User Posts: 1 Joined: 16/10/2011	#2 16/10/2011 13:41 yes impairment test is required fo assets valuation

clarke User Posts: 2 Joined: 04/11/2011	#3 04/11/2011 05:44 if you use straight line method for calculating depreciation then the assets are deleted automatically from the financial statements after completing their usefull lives. that is the advantage of using straight line method.

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