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Hi Everyone,
Have a service date question. We leased a building and put the service date in the beginning of the year. Part of the security system did not meet the city requirements so we had to make adjustments and the security system was not placed in service until August of the same year. Do we put the in service date as of Aug or service date of the lease building for the security system? If Aug then do we just adjust the useful life for the life of the lease?
Have a service date question. We leased a building and put the service date in the beginning of the year. Part of the security system did not meet the city requirements so we had to make adjustments and the security system was not placed in service until August of the same year. Do we put the in service date as of Aug or service date of the lease building for the security system? If Aug then do we just adjust the useful life for the life of the lease?