03-20-2009, 08:17 AM
If an airline buys a plane but before it uses the plane, it is deemed unfit by the FAA, when (if at all) does depreciation begin on that plane?
Do you record it as a fixed asset with depreciation? Or is it a regular asset with no depreciation?
Do you record it as a fixed asset with depreciation? Or is it a regular asset with no depreciation?