Other Aspects of Depreciation Accounting Not Discussed Here
Complete details of depreciation accounting are much more complex than discussed here. One complexity not discussed is the difference between single-asset (or “unit”) depreciation and multiple-asset depreciation. Another complexity is the difference between “vintage accounts,” where each year's acquisitions of a particular class are kept and depreciated separately, versus “open-ended accounts,” where all acquisitions of a particular class are merged into one. Still another complexity is “Section 179 deductions” available to small businesses.
There isn't time nor space for a full description of all the subtle nuances of depreciation accounting, nor are all the details relevant in the ...
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