Depreciation Examples

# Depreciation Examples - Straight-line Depreciation Example...

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Straight-line Depreciation Example Cost of Fixed Asset  \$13,000  Salvage Value  \$1,000  Estimated Useful Life in years 5 years Estimated Useful Life in miles  100000 miles  Date purchased 1/1/2010 Cost   \$13,000  Salvage Value  \$(1,000) Depreciable cost  \$12,000  Estimated Useful Life 5 Annual Depreciation  \$2,400  Calculation: Depreciation Accumulated Year Expense Depreciation Book Value 01/01/10  \$13,000  Cost 12/31/10  \$2,400   \$(2,400)  \$10,600  12/31/11  \$2,400   \$(4,800)  \$8,200  12/31/12  \$2,400   \$(7,200)  \$5,800  12/31/13  \$2,400   \$(9,600)  \$3,400  12/31/14  \$2,400   \$(12,000)  \$1,000  Salvage Value  \$12,000

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Double-declining Depreciation Example Cost of Fixed Asset  \$13,000  Salvage Value  \$1,000  Estimated Useful Life in years 5 years Estimated Useful Life in miles  100,000  miles Date purchased 1/1/2010 2010 2011 2012 2013 2014 Cost   \$13,000   \$7,800   \$4,680   \$2,808   \$1,685  Estimated Useful Life
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## This note was uploaded on 02/05/2012 for the course ACCT 305 taught by Professor Charlie during the Spring '11 term at University of Phoenix.

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Depreciation Examples - Straight-line Depreciation Example...

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