Home Register Feedback SiteMap Disclaimer Copyright Contact
About Us
Public Workshops
Customised Workshops
Horizon Europe Links
Leaflets, Tools & Presentations
News
Newsletters
Helpline
Glossary
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: 10/21/2021