Me:
Client: Ah yes, this was a true-up entry as we missed booking depreciation for 6 months while we were splitting a bulk purchase of 70 computers into separate assets in the sub-ledger because..

likefunnyhelpful
Posting as :
works at
You are currently posting as works at

half were delivered in January while the rest were received in June, even though we prepaid 90% of the cost last year in December and were billed in three separate installments by the vendor. So we reversed the JEs to book the single lump asset and then reclassed the June laptops to CIP and then changed depreciation methods in September from straight-line to a blended logarithmic one based on the tides and lunar cycle. Let me know if you have any questions.

likefunny

The catch is that, this is a multi billion dollar company and the cost of the laptop per piece is 900usd with depreciable life of 3 years... ended up to waive the adjustment due to the immateriality of the amount involved :)

likefunny

And this is the kind of shit they always like to tell you immediately before asking when you plan on getting them a draft of the report 😂

likefunny

I’m actually crying

likefunny

😭

likeuplifting

I feel like such a nerd for dying laughing at this

likefunny

Lmao!!! Ughhhhhhhhh

like

What’s the rationale for basing depreciation on tides and lunar cycles for computers?

like

Non-gaap policy but immaterial. Pass

likefunnyuplifting

Bruh 💀 🤣

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