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  • Fixed Asset With Depreciation

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    Darkchild Heavens
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    This document is a fixed asset record template that tracks an organization's assets and calculates depreciation. It includes fields to record an asset's name, class, description, location, identification numbers, acquisition date and cost, depreciation method, useful life, salvage value, and depreciation amounts for the current and previous periods. An appendix defines common depreciation methods like straight-line, 150% declining balance, and 200% declining balance depreciation.

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    Fixed Asset With Depreciation

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    This document is a fixed asset record template that tracks an organization's assets and calculates depreciation. It includes fields to record an asset's name, class, description, location, identification numbers, acquisition date and cost, depreciation method, useful life, salvage value, and depreciation amounts for the current and previous periods. An appendix defines common depreciation methods like straight-line, 150% declining balance, and 200% declining balance depreciation.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Fixed Asset With Depreciation

    Uploaded by

    Darkchild Heavens
    This document is a fixed asset record template that tracks an organization's assets and calculates depreciation. It includes fields to record an asset's name, class, description, location, identification numbers, acquisition date and cost, depreciation method, useful life, salvage value, and depreciation amounts for the current and previous periods. An appendix defines common depreciation methods like straight-line, 150% declining balance, and 200% declining balance depreciation.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    FIXED ASSET RECORD with DEPRECIATION

    DATE: [Date]

    Depreciation Previous Depreciation This


    Asset Name Asset Class Description Physical Location Asset No. Serial No. Acquisition Date Acquisition Cost Method Useful Life (Years) Salvage Value Depreciation First Year % Period
    100%
    100%
    Total Err:508 Err:508 Err:508 Err:508

    Page 1 of 2
    Abbreviation Depreciation Method Description
    Calculates straight-line depreciation based on the asset's cost, salvage value, and
    SL Straight-line depreciation estimated economic life.

    Calculates 150% declining balance depreciation based on the asset's cost, salvage
    150% declining balance value, and estimated economic life. It switches to straight-line depreciation at the
    150% DDB depreciation point when straight-line depreciation exceeds declining balance depreciation.

    Calculates 200% declining balance depreciation based on the asset's cost, salvage
    200% declining balance value, and estimated economic life. It switches to straight-line depreciation at the
    200% DDB depreciation point when straight-line depreciation exceeds declining balance depreciation.

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