Scribd Logo
Upload

Welcome to Scribd!

  • 8 views

    Schedule of Depreciation: FIXED ASSET ACCOUNT (Both Method)

    Uploaded by

    Nipun Ahuja
    The document contains schedules of depreciation for various assets using straight line and diminishing balance methods. It provides details of cost of acquisition, salvage value, life of the assets and annual depreciation calculated under both methods over the life of the assets. Various assets listed include air conditioners, plant and machinery, boring equipment, road rollers and lifting cranes. Depreciation amounts are provided annually for different periods based on the method used.

    Copyright:

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

    You might also like

    Schedule of Depreciation: FIXED ASSET ACCOUNT (Both Method)

    Uploaded by

    Nipun Ahuja
    8 views11 pages
    The document contains schedules of depreciation for various assets using straight line and diminishing balance methods. It provides details of cost of acquisition, salvage value, life of the assets and annual depreciation calculated under both methods over the life of the assets. Various assets listed include air conditioners, plant and machinery, boring equipment, road rollers and lifting cranes. Depreciation amounts are provided annually for different periods based on the method used.

    Original Description:

    Financial Modelling

    Original Title

    Depreciation

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document contains schedules of depreciation for various assets using straight line and diminishing balance methods. It provides details of cost of acquisition, salvage value, life of the assets and annual depreciation calculated under both methods over the life of the assets. Various assets listed include air conditioners, plant and machinery, boring equipment, road rollers and lifting cranes. Depreciation amounts are provided annually for different periods based on the method used.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views11 pages

    Schedule of Depreciation: FIXED ASSET ACCOUNT (Both Method)

    Uploaded by

    Nipun Ahuja
    The document contains schedules of depreciation for various assets using straight line and diminishing balance methods. It provides details of cost of acquisition, salvage value, life of the assets and annual depreciation calculated under both methods over the life of the assets. Various assets listed include air conditioners, plant and machinery, boring equipment, road rollers and lifting cranes. Depreciation amounts are provided annually for different periods based on the method used.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 11

    Schedule of Depreciation

    cost of assets (in rs) 200000


    salvage 5000
    months 12
    life (in years) 5
    depreciation method SLN

    FIXED ASSET ACCOUNT(both method)


    year opening balance depreciation closing balance
    1 200000 39000 161000
    2 161000 39000 122000
    3 122000 39000 83000
    4 83000 39000 44000
    5 44000 39000 5000

    FIXED ASSET ACCOUNT(DB method)


    year opening balance depreciation closing balance
    1 200000 104400 95600
    2 95600 49903 45697
    3 45697 23854 21843
    4 21843 11402 10441
    5 10441 5450 4991
    FIXED ASSET ACCOUNT(SLN method)
    year opening balance depreciation closing balance
    1 200000 $39,000.00 161000
    2 161000 39000 122000
    3 122000 39000 83000
    4 83000 39000 44000
    5 44000 39000 5000
    Schedule of Depreciation
    cost of plant and machinery 200000
    salvage 5000
    months 12
    life (1-40) years 40
    months in the first year(1-12) 6

    Generalised Depreciation Schedule

    period DB method SLN method


    1 8800 4875
    2 16826 4875
    3 15345 4875
    4 13995 4875
    5 12763 4875
    6 11640 4875
    7 10616 4875
    8 9681 4875
    9 8829 4875
    10 8052 4875
    11 7344 4875
    12 6698 4875
    13 6108 4875
    14 5571 4875
    15 5080 4875
    16 4633 4875
    17 4226 4875
    18 3854 4875
    19 3515 4875
    20 3205 4875
    21 2923 4875
    22 2666 4875
    23 2431 4875
    24 2217 4875
    25 2022 4875
    26 1844 4875
    27 1682 4875
    28 1534 4875
    29 1399 4875
    30 1276 4875
    31 1164 4875
    32 1061 4875
    33 968 4875
    34 883 4875
    35 805 4875
    36 734 4875
    37 670 4875
    38 611 4875
    39 557 4875
    40 508 4875
    DEPRECIATION

    date particulars cost life salvage method

    1-Aug-11 Air conditioner 450000 10 50000 SLN


    1-Sep-11 plant & machinery 950000 15 80000 DB
    1-Dec-11 boring equipments 750000 12 10000 DB
    1-Feb-12 road rollers 2725000 20 100000 SLN
    1-Mar-12 lifting cranes 8999000 25 500000 DB

    Date Particulars Cost life Salvage method


    Saturday, January 08, 2011 air conditioners 450000 10 50000 SLN
    Sunday, January 09, 2011 plant and machinery 950000 15 80000 DB
    Wednesday, January 12, 2011 boring equipments 750000 12 10000 DB
    Monday, January 02, 2012 road rollers 2725000 20 100000 SLN
    Tuesday, January 03, 2012 lifting cranes 8999000 25 500000 DB
    Depreciation for the financial year
    period 1 2 3 4 5 6
    months in the
    2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
    first year
    8 40000 40000 40000 40000 40000 40000
    7 84233 131597 111594 94632 80248 68050
    4 75500 203699 142182 99243 69272 48352
    2 131250 131250 131250 131250 131250 131250
    1 81741 971981 866035 771637 687529 612588
    Total 412724 1478527 1291061 1136762 1008298 900240

    period 1 2 3 4 5 6
    months in the
    first year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
    8 40000 40000 40000 40000 40000 40000
    7 84233.3333 131596.533 111593.86 94631.5935 80247.5913 68049.95742
    4 75500 203699 142181.902 99242.9676 69271.5914 48351.57078
    2 131250 131250 131250 131250 131250 131250
    1 81740.92 971981.24 866035.28 771637.44 687528.96 612588.30
    Deprecia
    Cost of Asset 200000
    Life of Asset 5
    salvage 5000
    Months 12
    Method SLN

    Fixed asset Account


    Year Opening Balance Depreciation Closing Balance
    1 200000 39000 161000
    2 161000 39000 122000
    3 122000 39000 83000
    4 83000 39000 44000
    5 44000 39000 5000
    epreciation
    SLN
    DB

    You might also like