The Effects Of Existing And New Assets' Useful Life On Accounting Depreciation, Part 1

This article is set to demonstrate depreciation practices as required by GAAP and IFRS. The purpose of the article is to find out what impact new assets and existing asset depreciation have on accounting depreciation using Excel. And how this model could be integrated into tax modeling when taking into account tax losses and accelerated depreciation as concessions offered to corporations by governments in many jurisdictions. This article was written in preparation for my upcoming PhD thesis for a better understanding of operational financial engineering.