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€24 00012345678salvage €2 500D = ?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 €2 500. Using straight-line depreciation, find the annual depreciation.

cost = €24 000life = 8salvage = €2 500
D = €
2.Easy
0€50 000123BV = ?45678salvage €2 500yearBook value at the end of each year

A delivery van costs €50 000, has a useful life of 8 years and a salvage value of €2 500. Using straight-line depreciation, find the book value after 3 years.

cost = €50 000life = 8salvage = €2 500
BV = €
3.Medium
0€45 000123456salvage €2 500D = ?yearBook value at the end of each year

A computer system costs €45 000, has a useful life of 6 years and a salvage value of €2 500. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 2.

cost = €45 000life = 6salvage = €2 500year = 2
D = €
4.Medium
0€100 0001234salvage €20 000D = ?yearBook value at the end of each year

A production line costs €100 000, has a useful life of 4 years and a salvage value of €20 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 2.

cost = €100 000life = 4salvage = €20 000year = 2
D = €
5.Hard
0€50 00012345salvage €5 000D = ?yearBook value at the end of each year

A production line costs €50 000, has a useful life of 5 years and a salvage value of €5 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 3.

cost = €50 000life = 5salvage = €5 000year = 3
D = €
6.Hard
0€120 000123456salvage €24 000D = ?yearBook value at the end of each year

A machine 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 2.

cost = €120 000life = 6salvage = €24 000year = 2
D = €

Answer key

  1. 1. D = 2688 €
  2. 2. BV = 32188 €
  3. 3. D = 10000 €
  4. 4. D = 25000 €
  5. 5. D = 9000 €
  6. 6. D = 22857 €

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