Dpreciation schedule using straight line method

Annual
Cost 50,000 depreciation= Cost-Resdiual
Residual value 5,000
Useful Life 9
= 5000
Depreciable Book value
Year cost brought
forward
1 50,000 50,000
2 50,000 45,000
3 50,000 40,000
4 50,000 35,000
5 50,000 30,000
6 50,000 25,000
7 50,000 20,000
8 50,000 15,000
9 50,000 10,000

Profit or Loss of assest after 5 year If the selling price is $30,000

Cost 50,000
Accumulated Depriciation 25,000
Book Value 25,000
Disposal of asset 30,000
Gain or Loss (5,000)

Depriciation Schedule using Double Decline method

Cost 50000
Redual life 5000
Useful Life 9
Depriciation Rate 22

Profit or Loss of assest after 5 year If the selling price is $30,000

Cost 50,000
Accumulated Depriciation 35,564
Book Value 14,436
Disposal of asset 30,000
Gain or Loss on sale of asset (15,564)
 Cost-Resdiual
useful life

5000
Accumulated Book
depriciation value
Depriciation

5,000 5,000 45,000

5,000 10,000 40,000
5,000 15,000 35,000
5,000 20,000 30,000
5,000 25,000 25,000
5,000 30,000 20,000
5,000 35,000 15,000
5,000 40,000 10,000
5,000 45,000 5,000

Book Value Accumulated Book Value

Year Cost Brought Depriciation ending of the
Forward Depriciation year

1 50,000 50,000 11,000 11,000 39,000

2 50,000 39,000 8,580 19,580 30,420
 3 50,000 30,420 6,692 26,272 23,728
4 50,000 23,728 5,220 31,492 18,508
5 50,000 18,508 4,072 35,564 14,436
6 50,000 14,436 3,176 38,740 11,260
7 50,000 11,260 2,477 41,217 8,783
8 50,000 8,783 1,932 43,149 6,851
9 50,000 6,851 1,507 44,657 5,343

is $30,000