Depreciation worksheet with answers

Free printable Depreciation worksheet: 6 problems from easy to exam level, with an answer key. Print it or save it as a PDF.

New worksheetPractise online with hints

For teachers: free to print, copy and use in class. Every new worksheet has new values and its own answer key. A link to ExamProblems on your course page is appreciated.

Name: ____________________   Date: ____________

1.Easy
0€80 00012345salvage €8 000D = ?yearBook value at the end of each year

A delivery van costs €80 000, has a useful life of 5 years and a salvage value of €8 000. Using straight-line depreciation, find the annual depreciation.

cost = €80 000life = 5salvage = €8 000
D = €
2.Easy
0€45 00012345BV = ?678salvage €7 000yearBook value at the end of each year

A computer system costs €45 000, has a useful life of 8 years and a salvage value of €7 000. Using straight-line depreciation, find the book value after 5 years.

cost = €45 000life = 8salvage = €7 000
BV = €
3.Medium
0€30 00012345678salvage €3 000D = ?yearBook value at the end of each year

A delivery van costs €30 000, has a useful life of 8 years and a salvage value of €3 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 6.

cost = €30 000life = 8salvage = €3 000year = 6
D = €
4.Medium
0€30 00012345678D = ?yearBook value at the end of each year

A production line costs €30 000, has a useful life of 8 years and a salvage value of €0. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 4.

cost = €30 000life = 8salvage = €0year = 4
D = €
5.Hard
0€24 00012345678salvage €1 000D = ?yearBook value at the end of each year

A production line costs €24 000, has a useful life of 8 years and a salvage value of €1 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 2.

cost = €24 000life = 8salvage = €1 000year = 2
D = €
6.Hard
0€60 00012345678salvage €12 000D = ?yearBook value at the end of each year

A production line costs €60 000, has a useful life of 8 years and a salvage value of €12 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 5.

cost = €60 000life = 8salvage = €12 000year = 5
D = €

Answer key

  1. 1. D = 14400 €
  2. 2. BV = 21250 €
  3. 3. D = 1780 €
  4. 4. D = 3164 €
  5. 5. D = 4472 €
  6. 6. D = 5333 €

Full step-by-step solutions: practise this topic on examproblems.com.