Two Important Dates

Two Important Dates (Most People Get This Wrong)

Every asset has two critical dates:

1. Acquisition Date
   When the asset was purchased
2. Placed in Service Date
   When the asset actually started being used

Why this matters

Depreciation does not always start at purchase.

Sales-safe explanation

“We let finance decide when depreciation starts — purchase or usage.”

You stop here.

Do not explain formulas.