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ABC Corporation decides to use the following month prorate convention as part of their convention policy during Asset depreciation process. According to this, which date will be the Prorate date for ABC Corporation?
Last date of current month
Last date of following month
Beginning date of the following month
Beginning date of the month following the month placed in service
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Qtr No. 213, New Town Yehlanka Indore 454775
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Updated on Sat, 13 Sept 2025
