Different depreciation methods comparison
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Whether you manage the finances at your work or at home, adequate communication is essential and important. Accurately keeping track of financial data is not only critical for running the day-to-day operations of your small or medium-sized business, but it is also important when seeking funds from investors or lenders to grow your business to the next level.
Using this depreciation schedule template in excel template guarantees that you will save time, cost and efforts and enables you to reach the next level of success in your project, education, work, and business. Download it now!
DIFFERENT DEPRECIATION METHODS COMPARISION
Company Name 5-Year Depreciation,,, , Date ,,, , Property Name being calculated ,,, ,,,, ,Fill out these cells except the gray cell,,, ,Cost of property,,800000,, ,Recovery period (years),,5,, ,Declining balance type,,200 ,, ,Declining balance rate,,"0,4",, ,Number of months in first year of service,,6,, ,Salvage value,,50000,, ,,,, ,,,, Company Name CONFIDENTIAL ,Straight Line,Sum-of-Years Digits,Declining Balance, ,Year,Depreciation per year ,Accumulated depreciation,Depreciation per year ,Accumulated depreciation,Depreciation per year ,Accumulated depreciation ,1,75000,75000,125000,125000,50000,50000 ,2,150000,225000,225000,350000,280000,330000 ,3,150000,375000,175000,525000,168000,498000 ,4,150000,525000,125000,650000,100800,598800 ,5,150000,675000,75000,725000,100800,699600 ,6,75000,750000,25000,750000,50400,750000 ,Total,750000,750000,750000, ,,,, ,"First, calculate depreciation for full years..
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