Depreciation Rounding Errors: It’s Time to Solve Them (2009-11-17)
Rounding errors have traditionally been an issue found when using depreciation software. The problem comes from the basic division of asset cost over a number of periods. For example, take a fixed asset with a cost of $1.00 spread over 3 months. This would result in $.33 per period, but when multiplied by 3 periods [...]