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Spreadsheets are the most widely used software tool in the financial community. But they can limit the level of cost savings financial staff can achieve. Stephen Moriarty of AssetWare Technology explains.
Beyond the spreadsheet - Part 2 | Part 1
One of the reasons for the complexity of depreciation calculations
is that there may be varying rates of depreciation, and these
rates may apply to individual assets or to groups of them.
Each individual asset may then be broken down into component
parts which must be depreciated individually.
For example, a PC is a single asset, which consists of the
processor and hard disk, the screen and the keyboard. Each
of these components may have been acquired at different times
and have different depreciation rates applied to it. Any change
such as acquisition, disposal or transfer will affect depreciation
and may apply to an individual asset or to one or more of
its components, or to a group of assets.
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Consultants' Advisory 2004
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