JonnyKay

And if you purchase an asset during the year keep in mind that the extra depreciation from the purchase will be accounted for in the depreciation number already, so no need to adjust for it.
Beginning 2010 Net = Beginning 2009 Net + Purchases - Depreciation - Book Value of Assets sold
I’m pretty sure this is correct, anyone else can feel free to chime in. These are the Level I-type topics where they throw people off