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€45 00012345678910salvage €7 000D = ?yearBook value at the end of each year

A delivery van costs €45 000, has a useful life of 10 years and a salvage value of €7 000. Using straight-line depreciation, find the annual depreciation.

cost = €45 000life = 10salvage = €7 000
D = €
2.Easy
0€20 00012345678salvage €4 000D = ?yearBook value at the end of each year

A machine costs €20 000, has a useful life of 8 years and a salvage value of €4 000. Using straight-line depreciation, find the annual depreciation.

cost = €20 000life = 8salvage = €4 000
D = €
3.Medium
0€45 00012345salvage €9 000D = ?yearBook value at the end of each year

A machine costs €45 000, has a useful life of 5 years and a salvage value of €9 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 2.

cost = €45 000life = 5salvage = €9 000year = 2
D = €
4.Medium
0€50 00012345678salvage €5 000D = ?yearBook value at the end of each year

A machine costs €50 000, has a useful life of 8 years and a salvage value of €5 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 2.

cost = €50 000life = 8salvage = €5 000year = 2
D = €
5.Hard
0€60 0001234salvage €9 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 €9 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 2.

cost = €60 000life = 4salvage = €9 000year = 2
D = €
6.Hard
0€120 000123456salvage €24 000D = ?yearBook value at the end of each year

A computer system costs €120 000, has a useful life of 6 years and a salvage value of €24 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 3.

cost = €120 000life = 6salvage = €24 000year = 3
D = €

Answer key

  1. 1. D = 3800 €
  2. 2. D = 2000 €
  3. 3. D = 10800 €
  4. 4. D = 9375 €
  5. 5. D = 15300 €
  6. 6. D = 18286 €

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