scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 367
To Programming Department From Accounting Department Date 1222006 Re Depreciation Program Task To Whom It May Concern I am writing in order to ask the Programming Department to design a program that will decrease the amount of time we use to calculate depreciation values There are many other tasks that we must perform and therefore this would give us an incredible break in our work There are three types of depreciation that our company uses in order to evaluate the value of different accounts Straight-line Depreciation Charging an equal amount of depreciation expense for a plant asset in each year of useful life Declining-balance Method of Depreciation Multiplying the book value at the end of each fiscal period by a constant depreciation rate Sum-of-the-years Digits Method of Depreciation Using fractions based on the number of years of a plant assets useful life The following pages display models and examples of how to complete the different forms of Depreciation Thank you for your help Thank you again Anthony Pittore AP Plant Asset Computer Depreciation Method Straight-lineOriginal Cost 200000 Estimated Salvage Value 17500 Estimated Useful Life 5 years YearBeginning Book ValueAnnual DepreciationEnding Book Value 120000036500163500 216350036500127000 31270003650090500 4905003650054000 5540003650017500 Total Depreciation----182500---- Example of Straight-line Depreciation Annual Depreciation Expense Calculation Original cost - Estimated Salvage Value Estimated Total Depreciation Expense Years of Estimated Useful Life Annual Depreciation Expense200000 -17500 182500 5 36500 Beginning Book Value - Annual Depreciation Ending Book Value200000 - 36500 163500 Example of declining-balance method Plant Asset Computer Depreciation Method Declining balanceOriginal Cost 200000 Estimated salvage value 17500 Estimated useful life 5 years YearBeginning Book ValueDeclining-Balance RateAnnual DepreciationEnding Book Value 12000004080000120000 2120000404800072000 372000402880043200 443200401728025920 52592040842017500 Total Depreciation182500 Beginning
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA