A computer system costs €20 000, has a useful life of 10 years and a salvage value of €3 000. Using straight-line depreciation, find the book value after 4 years.
Depreciation worksheet with answers
A production line costs €45 000, has a useful life of 5 years and a salvage value of €0. Using straight-line depreciation, find the annual depreciation.
A production line costs €120 000, has a useful life of 8 years and a salvage value of €24 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 4.
A production line costs €50 000, has a useful life of 10 years and a salvage value of €7 500. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 5.
A delivery van costs €100 000, has a useful life of 8 years and a salvage value of €0. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 4.
A machine costs €120 000, has a useful life of 10 years and a salvage value of €0. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 5.
Answer key
- 1. BV = 13200 €
- 2. D = 9000 €
- 3. D = 12656 €
- 4. D = 4096 €
- 5. D = 13889 €
- 6. D = 13091 €
Full step-by-step solutions: practise this topic on examproblems.com.