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Partial-year depreciation calculations.  Partial-year depreciation expense calculations are  necessary when depreciable assets are purchased, retired, or sold in the middle of an annual  accounting period or when the company produces quarterly or monthly financial statements. The  units-of-activity method is unaffected by partial-year depreciation calculations because the per-unit  depreciation expense is simply multiplied by the number of units actually used during the period in  question. For all other depreciation methods, however, annual depreciation expense is multiplied by  a fraction that has the number of months the asset depreciates as its numerator and twelve as its  denominator. Since depreciation expense calculations are estimates to begin with, rounding the time  period to the nearest month is acceptable for financial reporting purposes. 
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