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When is the time the life of the fixed asset start? is it upon payment or upon delivery?

Fixed Assets
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Question added by Rahma Akmad , Accountant-General Ledger , Sidra Medicine
Date Posted: 2014/12/22
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Muhammad Fares
by Muhammad Fares , Group Finance Manager , Dara Insutrial Co.

Usually it is upon delivery of the item but some companies use the invoice date as the starting date of depreciation.

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