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Asset 3: Forklift Units Yearly Depreciation Monthly Depreciation Depreciation Expense 104 Asset Name: Equipment Year 1 500 2.5 1250 104 Accumulated Depreciation 104 Cost 8,000
Asset 3: | Forklift | Units | Yearly Depreciation | Monthly Depreciation | Depreciation Expense | 104 | |||||||||
Asset Name: | Equipment | Year 1 | 500 | 2.5 | 1250 | 104 | Accumulated Depreciation | 104 | |||||||
Cost | 8,000 | Year 2 | 600 | 2.5 | 1500 | 125 | |||||||||
Useful Life | 5 years | Year 3 | 700 | 2.5 | 1750 | 146 | Final Balance Sheet Snippet | ||||||||
Salvage Value | 500 | Year 4 | 700 | 2.5 | 1750 | 146 | Forklift | 8000 | |||||||
Units: Hours | 3,000 | Year 5 | 400 | 2.5 | 1000 | 83 | adjust in final year | Accumulated Depreciation | -7500 | Rounded, adjusted in final month | |||||
2900 | 7250 | Net Book Value | 500 | ||||||||||||
Factor: | 2.50 |
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