If it were purchased halfway through the year, then the first year would get half of the first fraction. Then the second year would get half of the first fraction and half of the second fraction. And then the third year would get half of the second fraction and half of the third fraction. And that would continue until estimated useful life was used up.
Thank you so much for this video! ♥ This helped me understand Sum-of-the-Years' Digits Method. I like your voice, btw. :)
Thank you for you time and patience 😊
Thanks a lot! You are a life saver.
Thank you so much. Now I understand!!!!
Thank you so much! ❤
Thanks atleast now i fully understand
So is the answer the accumulated depreciation section? Thanks a ton!!
Please do many lectures on intermediate accounting
Thank you❤
Thank you!
What if the equipment were bouht in the middle of the year? 🤔
If it were purchased halfway through the year, then the first year would get half of the first fraction. Then the second year would get half of the first fraction and half of the second fraction. And then the third year would get half of the second fraction and half of the third fraction. And that would continue until estimated useful life was used up.
Pls prepare the account
🎉