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  • Depreciation Workboook 201207

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    Akshat Nagpal
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    This document contains a depreciation schedule using the diminishing balance (DB) method for a fixed asset worth $500,000 over 10 years with a salvage value of $20,000. It shows the opening balance, depreciation, and closing balance for each of the 10 years. A second table shows a depreciation schedule for a plant worth $200,000 over 5 years with a salvage value of $5,000 using both the DB and straight line (SLN) methods over 12 months.

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    Depreciation Workboook 201207 (1)

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    This document contains a depreciation schedule using the diminishing balance (DB) method for a fixed asset worth $500,000 over 10 years with a salvage value of $20,000. It shows the opening balance, depreciation, and closing balance for each of the 10 years. A second table shows a depreciation schedule for a plant worth $200,000 over 5 years with a salvage value of $5,000 using both the DB and straight line (SLN) methods over 12 months.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views4 pages

    Depreciation Workboook 201207

    Uploaded by

    Akshat Nagpal
    This document contains a depreciation schedule using the diminishing balance (DB) method for a fixed asset worth $500,000 over 10 years with a salvage value of $20,000. It shows the opening balance, depreciation, and closing balance for each of the 10 years. A second table shows a depreciation schedule for a plant worth $200,000 over 5 years with a salvage value of $5,000 using both the DB and straight line (SLN) methods over 12 months.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    COST OF ASSET 500000

    LIFE OF ASSET 10
    SALVAGE VALUE 20000
    MONTH 6
    DEPRECIATION METHOD DB

    FIXED ASSET METHOD


    YEAR OPENING BALANCE DEPRECIATION CLOSING BALANCE
    1 500000 68750 431250
    2 431250 118594 312656
    3 312656 85980 226676
    4 226676 62336 164340
    5 164340 45193 119147
    6 119147 32765 86382
    7 86382 23755 62627
    8 62627 17222 45405
    9 45405 12486 32919
    10 32919 9052 23867
    SLN
    DB

    T METHOD
    COST OF PLANT 200000
    SALVAGE VALUE 5000
    LIFE OF PLANT 5
    MONTHS 12

    DEPRECIATION SCHEDULE
    PERIOD DB METHOD SLN METHOD
    1 104400.00 39000
    2 49903.20 39000
    3 23853.73 39000
    4 11402.08 39000
    5 5450.20 39000
    TOTAL 195009.21 195000
    ULE

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