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 0001234BV = ?5678salvage €5 000yearBook value at the end of each year

A delivery van costs €24 000, has a useful life of 8 years and a salvage value of €5 000. Using straight-line depreciation, find the book value after 4 years.

cost = €24 000life = 8salvage = €5 000
BV = €
2.Easy
0€60 00012BV = ?34salvage €3 000yearBook value at the end of each year

A machine costs €60 000, has a useful life of 4 years and a salvage value of €3 000. Using straight-line depreciation, find the book value after 2 years.

cost = €60 000life = 4salvage = €3 000
BV = €
3.Medium
0€20 00012345salvage €4 000D = ?yearBook value at the end of each year

A production line costs €20 000, has a useful life of 5 years and a salvage value of €4 000. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 3.

cost = €20 000life = 5salvage = €4 000year = 3
D = €
4.Medium
0€50 00012345678salvage €7 500D = ?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 €7 500. Using the double-declining-balance method (without switching to straight-line), find the depreciation charge D in year 6.

cost = €50 000life = 8salvage = €7 500year = 6
D = €
5.Hard
0€60 00012345678910salvage €9 000D = ?yearBook value at the end of each year

A computer system costs €60 000, has a useful life of 10 years and a salvage value of €9 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 5.

cost = €60 000life = 10salvage = €9 000year = 5
D = €
6.Hard
0€120 00012345678salvage €18 000D = ?yearBook value at the end of each year

A delivery van costs €120 000, has a useful life of 8 years and a salvage value of €18 000. Using the sum-of-the-years’-digits method, find the depreciation charge D in year 4.

cost = €120 000life = 8salvage = €18 000year = 4
D = €

Answer key

  1. 1. BV = 14500 €
  2. 2. BV = 31500 €
  3. 3. D = 2880 €
  4. 4. D = 2966 €
  5. 5. D = 5564 €
  6. 6. D = 14167 €

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