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€12 0001234BV = ?5678salvage €2 000yearBook value at the end of each year

A machine 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 4 years.

cost = €12 000life = 8salvage = €2 000
BV = €
2.Easy
0€100 000123BV = ?45salvage €5 000yearBook value at the end of each year

A delivery van costs €100 000, has a useful life of 5 years and a salvage value of €5 000. Using straight-line depreciation, find the book value after 3 years.

cost = €100 000life = 5salvage = €5 000
BV = €
3.Medium
0€80 0001234D = ?yearBook value at the end of each year

A delivery van costs €80 000, has a useful life of 4 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 = €80 000life = 4salvage = €0year = 2
D = €
4.Medium
0€12 0001234salvage €2 500D = ?yearBook value at the end of each year

A delivery van costs €12 000, has a useful life of 4 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 = €12 000life = 4salvage = €2 500year = 2
D = €
5.Hard
0€80 00012345678salvage €8 000D = ?yearBook value at the end of each year

A production line costs €80 000, has a useful life of 8 years and a salvage value of €8 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 3.

cost = €80 000life = 8salvage = €8 000year = 3
D = €
6.Hard
0€30 0001234salvage €1 500D = ?yearBook value at the end of each year

A machine costs €30 000, has a useful life of 4 years and a salvage value of €1 500. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 2.

cost = €30 000life = 4salvage = €1 500year = 2
D = €

Answer key

  1. 1. BV = 7000 €
  2. 2. BV = 43000 €
  3. 3. D = 20000 €
  4. 4. D = 3000 €
  5. 5. D = 12000 €
  6. 6. D = 8550 €

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