301 415 573

Purchase Date Feb-98 Jul-05 Jun-04

Date of Disposal Oct-06 Jul-06 Mar-06
Cost 70300 96000 94500
Disposal Value 14300 63000 38000
Useful life 10 5 6
Method SLM WDV SYD

SLM Cost DepreciatiAcc Depreciation Book Value

1998 70300 7030 7030 63270 full year provided as acquisiti
1999 70300 7030 14060 56240
301 2000 70300 7030 21090 49210
2001 70300 7030 28120 42180
2002 70300 7030 35150 35150
2003 70300 7030 42180 28120
2004 70300 7030 49210 21090
2005 70300 7030 56240 14060
2006 70300 3515 59755 10545 half year depreciation as disp

Depreciation Rat 0.30

SLM Cost DepreciatiAcc Depreciation Book Value
1998
1999
2000
415 2001
2002
2003
2004
2005 96000 14400 14400 81600 half year depreciation since a
2006 96000 12240 26640 69360 half year depreciation as disp

SYD Cost DepreciatiAcc Depreciation Book Value

1998
1999
2000
2001
573 2002
2003
2004 94500 27000 27000 67500 full year provided as acquisiti
2005 94500 22500 49500 45000
2006 94500 49500 45000 No depeciation as disposal is
 Book Value of all Assets in 2006 124905
Disposal Value of All three Assets 115300
Loss from disposal 9605

Journal Entry
Cash Dr 115300
Acc Depreciation Dr 135895
Loss from Disposal Dr 9605
Asset (all 3) Cr 260800

Can be posted individually as well

full year provided as acquisition is before July

half year depreciation as disposal is after July

half year depreciation since acquisition is after July

half year depreciation as disposal is after July

Useful years available in 2004 6

Useful years available in 2005 5
Useful years available in 2006 4
Sum of 6 year 21

full year provided as acquisition is before July

No depeciation as disposal is before July