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Reducing Balance Depreciation

The document shows the depreciation of an asset over 11 years that was initially purchased for £20,000 and had a salvage value of £1,500, being depreciated over its 5 year lifetime.

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Mantan Petara
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31 views1 page

Reducing Balance Depreciation

The document shows the depreciation of an asset over 11 years that was initially purchased for £20,000 and had a salvage value of £1,500, being depreciated over its 5 year lifetime.

Uploaded by

Mantan Petara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Data Description

£20,000.00 Initial Cost


£1,500.00 Salvage Value
5.00 Lifetime in years
12.00 Months in first year

Total Value of
Depreciation Depreciation Asset at end
Results for the year of Asset of year
Year 1 8080.00 8080.00 11920.00
Year 2 4815.68 12895.68 7104.32
Year 3 2870.15 15765.83 4234.17
Year 4 1710.61 17476.43 2523.57
Year 5 1019.52 18495.95 1504.05
Year 6 0.00 18495.95 1504.05
Year 7 0.00 0.00 0.00
Year 8 0.00 0.00 0.00
Year 9 0.00 0.00 0.00
Year 10 0.00 0.00 0.00
Year 11 0.00 0.00 0.00

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