Why there would be change in depreciation amount of an asset in the mid term?

Question added by Naseer Mirza , Assistant Manager , Genpact
Date Posted: 2017/01/11

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by Daniel Andrea , Specialist , Intercontinental Hotels Group

While creating an asset we assign a useful life, however, useful life can be changed during the usage of an asset if asset will not be used for initial useful life. Depreciation will be changed when new life is assigned.

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