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€60 0001234salvage €3 000D = ?yearBook value at the end of each year

A delivery van costs €60 000, has a useful life of 4 years and a salvage value of €3 000. Using straight-line depreciation, find the annual depreciation.

cost = €60 000life = 4salvage = €3 000
D = €
2.Easy
0€12 000123456BV = ?78salvage €2 000yearBook value at the end of each year

A computer system costs €12 000, has a useful life of 8 years and a salvage value of €2 000. Using straight-line depreciation, find the book value after 6 years.

cost = €12 000life = 8salvage = €2 000
BV = €
3.Medium
0€24 00012345D = ?yearBook value at the end of each year

A delivery van costs €24 000, has a useful life of 5 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 2.

cost = €24 000life = 5salvage = €0year = 2
D = €
4.Medium
0€60 000123456salvage €12 000D = ?yearBook value at the end of each year

A machine costs €60 000, has a useful life of 6 years and a salvage value of €12 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 4.

cost = €60 000life = 6salvage = €12 000year = 4
D = €
5.Hard
0€60 00012345salvage €9 000D = ?yearBook value at the end of each year

A production line costs €60 000, has a useful life of 5 years and a salvage value of €9 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 3.

cost = €60 000life = 5salvage = €9 000year = 3
D = €
6.Hard
0€12 00012345678910salvage €500D = ?yearBook value at the end of each year

A machine costs €12 000, has a useful life of 10 years and a salvage value of €500. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 7.

cost = €12 000life = 10salvage = €500year = 7
D = €

Answer key

  1. 1. D = 14250 €
  2. 2. BV = 4500 €
  3. 3. D = 5760 €
  4. 4. D = 5778 €
  5. 5. D = 10200 €
  6. 6. D = 836.4 €

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