For partial-years depreciation, if an asset is purchased on February 8, how many months' depreciation will be taken for the year?
A)12
B)11
C)10
D)9
E)None of these

Question

Quizplus · Accepted Answer

For an asset purchased on February 8, you would typically count the purchase month as a full month for depreciation purposes, resulting in 11 months' depreciation for the year (February through December).

For Partial-Years Depreciation, If an Asset Is Purchased on February