Home Register Feedback SiteMap Disclaimer Copyright Contact
About Us
Public Workshops
Customised Workshops
Horizon Europe Links
Leaflets and Tools
Horizon2020 Links
FP7 Financial Info and FAQs
FP7 Links
FP6 Financial Info & FAQs
FP6 Links
Project Admin
FP7 Financial Info and FAQs --> Bookkeeping, Accounting Records, Timesheets, Cost Recording --> Equipment --> Equipment FAQs

How do I depreciate equipment?

Depreciation should be according to the normal accounting principals of the organisation. If depreciation is 20% per annum, the charge will be 20% per annum (probably on a daily or monthly basis) from the date of purchase or use in the project, whichever is the later. If the normal depreciation rate for the organisation is 50% per annum then that will be the cost on a daily or monthly basis. If 100% depreciation is the norm within the organisation, then 100% depreciation will be charged on the date of acquisition/use within the project.

Site Developed by S.Y. Technologies Last updated: 9/6/2018