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Calculate a depreciation schedule for Computers costs $20,000, useful life 4 years, diminishing value method, installed on 15 July 2021. Formula: Base value (days held
Calculate a depreciation schedule for Computers costs $20,000, useful life 4 years, diminishing value method, installed on 15 July 2021.
Formula: Base value (days held 365) (200% asset's effective life)
Please advise me if I've done it correctly, especially the last year. Should I stop at 30/06/2025 or 2026? Should the last year the closing balance be 0? Please help me. Thanks
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