Use Depreciation Below Zero Net Book Value for Better Product Costing

Use Depreciation Below Zero Net Book Value for Better Product Costing

Reading time: 20 mins

Many organizations face scenarios in which they have some assets used even after the net book value (NBV) reaches zero. Once the NBV reaches zero, no more booking happens in accounting for legal reporting. However, from a management point of view, the depreciation needs to be accounted into cost estimation even if the NBV is...

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