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    Depreciation Solved

    Uploaded by

    Vivek kumar
    The document provides a depreciation statement for various assets from 2016 to 2023. It lists the cost, life, salvage value, and depreciation method for a plant and machinery, furniture, computer, and projector. It then shows the depreciation amount calculated each financial year for each asset using the straight line and diminishing balance methods according to their details provided.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Depreciation Solved

    Uploaded by

    Vivek kumar
    69 views2 pages
    The document provides a depreciation statement for various assets from 2016 to 2023. It lists the cost, life, salvage value, and depreciation method for a plant and machinery, furniture, computer, and projector. It then shows the depreciation amount calculated each financial year for each asset using the straight line and diminishing balance methods according to their details provided.

    Original Description:

    depreciation

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    The document provides a depreciation statement for various assets from 2016 to 2023. It lists the cost, life, salvage value, and depreciation method for a plant and machinery, furniture, computer, and projector. It then shows the depreciation amount calculated each financial year for each asset using the straight line and diminishing balance methods according to their details provided.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    69 views2 pages

    Depreciation Solved

    Uploaded by

    Vivek kumar
    The document provides a depreciation statement for various assets from 2016 to 2023. It lists the cost, life, salvage value, and depreciation method for a plant and machinery, furniture, computer, and projector. It then shows the depreciation amount calculated each financial year for each asset using the straight line and diminishing balance methods according to their details provided.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Question for Practice:Prepare depreciation statement for the financial year starting from 2016 to 2023 for the

    following asset

    DEPRECIATION STATEMENT
    Particular Plant and Machinary Furniture
    Date 1-May-16 8-Mar-16
    Cost 2,500,000 170,000
    Life (Year) 10.00 8.00
    Salvage 50000.00 10000.00
    Method SLN DB

    Months 11 1

    Period Financial Year Plant and Machinary Furniture


    1 2016 - 2017 224583.333333333 4221.66666666667
    2 2017 - 2018 245000 49401.9433333333
    3 2018 - 2019 245000 34680.16422
    4 2019 - 2020 245000 24345.47528244
    5 2020 - 2021 245000 17090.5236482729
    6 2021 - 2022 245000 11997.5476010876
    7 2022 - 2023 245000 8422.27841596347
    8 2023 - 2024 245000 5912.43944800636
    9 2024 - 2025 245000 3804.65478479209
    10 2025 - 2026 245000 0
    11 2026 - 2027 20416.6666666667 0
    12 2027 - 2028 0 0
    6 to 2023 for the following assets

    Computer Projector
    12-Dec-16 1-Jan-17
    285,000 100,000
    9.00 3.00
    15000.00 10000.00
    SLN DB

    4 3

    Computer Projector
    10000 13400
    30000 46417.6
    30000 21537.7664
    30000 7495.142707
    30000 0
    30000 0
    30000 0
    30000 0
    30000 0
    20000 0
    0 0
    0 0

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