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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