Prusko said the small est boats at the event are 16 to 18 feet in length and the largest boats are around 21 feet in length. John said that one of the oldest boats, dating back to 1931, is owned by Bill Burgess. The boats will be set up and practice heats open to the public will take place Friday afternoon.
1 An asset is considered to be placed in service when it is first put into a condition or state of readiness and availability for a specifically assigned function. 2  Depreciation Date â the date used to begin calculating depreciation. 3  This is usually the same as the Service Date, but can be different.
a. service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last. The term depreciable base, or depreciation base, as it is used in accounting, refers to. a. the total amount to be charged (debited) to expense over an asset's useful life.