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  • Depreciation Schedule

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    Audrey
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    This document outlines the straight-line depreciation of assets for 2023. It lists a washing machine purchased for $800 with a useful life of 9 months, and a fridge purchased for $900 with a useful life of 5 months. It calculates the depreciation for each asset for 2023. It also lists damages to a wok and frying pan, and divides the total depreciation of $533.33 between Sean and Audrey.

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    This document outlines the straight-line depreciation of assets for 2023. It lists a washing machine purchased for $800 with a useful life of 9 months, and a fridge purchased for $900 with a useful life of 5 months. It calculates the depreciation for each asset for 2023. It also lists damages to a wok and frying pan, and divides the total depreciation of $533.33 between Sean and Audrey.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1 views1 page

    Depreciation Schedule

    Uploaded by

    Audrey
    This document outlines the straight-line depreciation of assets for 2023. It lists a washing machine purchased for $800 with a useful life of 9 months, and a fridge purchased for $900 with a useful life of 5 months. It calculates the depreciation for each asset for 2023. It also lists damages to a wok and frying pan, and divides the total depreciation of $533.33 between Sean and Audrey.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Straight Line Depreciation Depreciation

    Enter Start Year 2023


    Months
    Year Purchase Total Useful Life owned in Depreciati Total
    Asset Description purchased Cost months in Years first year on value 2023 Depreciation
    Washing Machine 2023 $ 800.00 9 10 9 $ 50.00 $ 750.00 $ 750.00
    Fridge 2023 $ 900.00 5 10 5 $ 50.00 $ 850.00 $ 850.00
    Minus Damages
    Audrey's Wok N/A $ 50.00
    Audrey's Frying Pan N/A $ 30.00
    Total Cost $ 1,600.00 /3 = $533.33
    /2 = $266.67
    Sean $ 266.67
    Audrey $ 186.67

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