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  • Depreciation

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    Akshat Nagpal
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    The document contains two examples of depreciation schedules. The first example is for a plant and machinery asset worth Rs. 200,000 with a salvage value of Rs. 5,000 and a life of 5 years. It shows the annual depreciation expense and accumulated depreciation using the straight line and diminishing balance methods. The second example is for an asset worth Rs. 500,000 with a salvage value of Rs. 20,000 and a life of 10 years. It shows the opening balance, annual depreciation expense, and closing balance using the straight line method over the 10 year period.

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    The document contains two examples of depreciation schedules. The first example is for a plant and machinery asset worth Rs. 200,000 with a salvage value of Rs. 5,000 and a life of 5 years. It shows the annual depreciation expense and accumulated depreciation using the straight line and diminishing balance methods. The second example is for an asset worth Rs. 500,000 with a salvage value of Rs. 20,000 and a life of 10 years. It shows the opening balance, annual depreciation expense, and closing balance using the straight line method over the 10 year period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    16 views4 pages

    Depreciation

    Uploaded by

    Akshat Nagpal
    The document contains two examples of depreciation schedules. The first example is for a plant and machinery asset worth Rs. 200,000 with a salvage value of Rs. 5,000 and a life of 5 years. It shows the annual depreciation expense and accumulated depreciation using the straight line and diminishing balance methods. The second example is for an asset worth Rs. 500,000 with a salvage value of Rs. 20,000 and a life of 10 years. It shows the opening balance, annual depreciation expense, and closing balance using the straight line method over the 10 year period.

    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 4

    DEPRICIATION

    Cost of Plant & M/c ₹ 200,000.00 Rs


    Salvage Value ₹ 5,000.00 Rs
    Life of Plant & M/c (1-40 Years) 5 YEARS
    Months in the first (Year 1-12) 12 MONTH

    Depriciation Schedule
    SLN
    Period DB Method Method
    1 ₹ 104,400.00 ₹ 39,000.00
    2 ₹ 49,903.20 ₹ 39,000.00
    3 ₹ 23,853.73 ₹ 39,000.00
    4 ₹ 11,402.08 ₹ 39,000.00
    5 ₹ 5,450.20 ₹ 39,000.00
    TOTAL ₹ 195,009.21 ₹ 195,000.00
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    DEPRICIATION
    Particulars Amount
    Cost of Asset ₹ 500,000.00 Rs
    Life of Asset 10 Years
    Salvage Value ₹ 20,000.00 Rs
    Months 6 Month
    Depriciation Method SLN

    FIXED ASSET ACCOUNT


    Year Opening Balance Depriciation Closing Balance
    1 ₹ 500,000.00 ₹ 24,000.00 ₹ 476,000.00
    2 ₹ 476,000.00 ₹ 48,000.00 ₹ 428,000.00
    3 ₹ 428,000.00 ₹ 48,000.00 ₹ 380,000.00
    4 ₹ 380,000.00 ₹ 48,000.00 ₹ 332,000.00
    5 ₹ 332,000.00 ₹ 48,000.00 ₹ 284,000.00
    6 ₹ 284,000.00 ₹ 48,000.00 ₹ 236,000.00
    7 ₹ 236,000.00 ₹ 48,000.00 ₹ 188,000.00
    8 ₹ 188,000.00 ₹ 48,000.00 ₹ 140,000.00
    9 ₹ 140,000.00 ₹ 48,000.00 ₹ 92,000.00
    10 ₹ 92,000.00 ₹ 48,000.00 ₹ 44,000.00

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