Noor AlHelo

Question 1:
On 1/8, cost = 31000, scrape value = 1000, useful life = 5 years:
Year Amount to Dep rate Annual Accumulated Book
be dep dep value
depreciated
1 5 months 30000 * 5/15*5/1 4166 4166 26834
2
2 12 moths 30000 * 4.58/15 9160 13326 17674
3 12 moths 30000 * 3.58/15 7160 20486 10514
4 12 moths 30000 * 2.58/15 5160 25646 5354
5 12 moths 30000 * 1.58/15 3160 28806 2194
6 7 months 30000 * 0.58/15 1160 29966 1034

Dep rate = 1+2+3+4+5 = 15

First year = 5/12
Last year = 7/12 = 0.58

Question 2:
On 1/9, cost = 42000, scrape value = 2000, useful life = 4 years:
Year Amount to Dep rate Annual Accumulated Book
be dep dep value
depreciated
1 4 months 40000 * 4/10*4/1 5320 5320 36680
2
2 12 40000 * 3.66/10 14640 19960 22040
months
3 12 40000 * 2.66/10 10640 30600 11400
months
4 12 40000 * 1.66/10 6640 37240 4760
months
5 8 months 40000 * 0.66/10 2640 39880 2120

Dep rate = 1+2+3+4 = 10

First year = 4/12
Last year = 8/12 = 0.66