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Service Agreement Information Kit for Funded Organisations

Sample depreciation of non-current physical assets

Sample depreciation of non-current physical assets

Asset item
Photocopier
Purchase date
21 September 2012
Purchase cost
$5,000
Depreciation rate
20% per annum
Financial year Depreciation charge calculation

Annual opening value $'s

Depreciation charge $'s Accumulated depreciation $'s Written down value $'s
2012-13 (9 months)

5000 x (20% x 9) = 750
                 12

5000
750
750
4250
2013-14 (12 months) 5000 x (20% x 12) = 1000                  12
4250
1000
1750
3250
2014-15 (12 months) 5000 x (20% x 12) = 1000                  12
3250
1000
2750
2250
2015-16 (12 months) 5000 x (20% x 12) = 1000                  12
2250
1000
3750
1250
2016-17(12 months) 5000 x (20% x 12) = 1000                  12
1250
1000
4750
250
2017-18 (3 months) 5000 x (20% x 3) = 250
                 12
250
250
5000
0