Half-Year Convention
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Description
The practice of taking six months' depreciation in the year of acquisition and in the year of disposition, rather than computing depreciation for partial periods to the nearest month. The half-year convention generally is not used for buildings.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Half-year convention
Learning Material
Covered in Topic(s)
| Plant & Intangible Assets |