Question for Practice:Prepare depreciation statement for the financial year starting from 2016 to 2023 for the

following asset

DEPRECIATION STATEMENT
Particular Plant and Machinary Furniture
Date 1-May-16 8-Mar-16
Cost 2,500,000 170,000
Life (Year) 10.00 8.00
Salvage 50000.00 10000.00
Method SLN DB

Months 11 1

Period Financial Year Plant and Machinary Furniture

1 2016 - 2017 224583.333333333 4221.66666666667
2 2017 - 2018 245000 49401.9433333333
3 2018 - 2019 245000 34680.16422
4 2019 - 2020 245000 24345.47528244
5 2020 - 2021 245000 17090.5236482729
6 2021 - 2022 245000 11997.5476010876
7 2022 - 2023 245000 8422.27841596347
8 2023 - 2024 245000 5912.43944800636
9 2024 - 2025 245000 3804.65478479209
10 2025 - 2026 245000 0
11 2026 - 2027 20416.6666666667 0
12 2027 - 2028 0 0
6 to 2023 for the following assets

Computer Projector
12-Dec-16 1-Jan-17
285,000 100,000
9.00 3.00
15000.00 10000.00
SLN DB

4 3

Computer Projector
10000 13400
30000 46417.6
30000 21537.7664
30000 7495.142707
30000 0
30000 0
30000 0
30000 0
30000 0
20000 0
0 0
0 0