Homework Answers
Depreciation schedule for asset having life of 4 years, acuired at cost of 33,000 & residual value of 3000
| Depreciation per annum: | |
| Asset value | 33000 |
| Residual value | ₹ 3,000.00 |
| Depreciable value | 30000 |
| Number of years | 4 |
| Depreciation per annum | 7500 |
| Year | Beginning book value | Depreciation Expense | Accumulated Depreciation | Ending book value |
| 2006 | 33000 | 7500 | 7500 | 25500 |
| 2007 | 25500 | 7500 | 15000 | 18000 |
| 2008 | 18000 | 7500 | 22500 | 10500 |
| 2009 | 10500 | 7500 | 30000 | 3000 |
Accelerated depreciation using Double declining method
| Depreciation per annum: | |
| Asset value | 33000 |
| Residual value | ₹ 3,000.00 |
| Depreciable value | 30000 |
| Number of years | 4 |
| Depreciation per annum | 7500 |
| Depreciation under double declining method : | 15000 |
|
% depreciation post 1st year 50% depreciation in Y1 |
50% |
| Year | Beginning book value | Depreciation Expense | Accumulated Depreciation | Ending book value |
| 2006 | 33000 | 15000 | 15000 | 18000 |
| 2007 | 18000 | 9000 | 24000 | 9000 |
| 2008 | 9000 | 4500 | 28500 | 4500 |
| 2009 | 4500 | 2200 | 30750 | 2250 |
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