Attachment 3 Sample depreciation of non-current physical assets
Sample depreciation of non-current physical assets
| Asset item computer, personal |
Purchase date 21 September 1995 |
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 |
| 1995-96 (9 months) |
5000 x (20% x 9) = 750 |
5000
|
750
|
750
|
4250
|
| 1996-97 (12 months) | 5000 x (20% x 12) = 1000 12 |
4250
|
1000
|
1750
|
3250
|
| 1997-98 (12 months) | 5000 x (20% x 12) = 1000 12 |
3250
|
1000
|
2750
|
2250
|
| 1998-99 (12 months) | 5000 x (20% x 12) = 1000 12 |
2250
|
1000
|
3750
|
1250
|
| 1999-2000 (12 months) | 5000 x (20% x 12) = 1000 12 |
1250
|
1000
|
4750
|
250
|
| 2000-01 (3 months) | 5000 x (20% x 3) = 250 12 |
250
|
250
|
5000
|
0
|