Depreciation can be calculated using any of the following methods, however the most popular methods remain (a) Straight Line Method and (b) Written Down Value Method.
● Straight Line Method
● Written Down Value Method
● Annuity Method
● Insurance Policy Method
● Machine Hour Rate Method
● Depletion Method
● Revaluation Method
● Depreciation Fund Method
|
DEPRECIATION CHART |
|||||||
|
Desc. |
Opening Value |
Addition during the year |
Sale |
Balance |
Rate of Depreciation |
Value of Depreciation |
Closing Value |
|
1 |
2 |
3 |
4 |
5 (2+3-4) |
6 |
7 |
8 (5-7) |
|
ASSET ACCOUNT |
|||||||
|
Date |
Particulars |
L.F. |
Amt |
Date |
Particulars |
L.F. |
Amt |
|
25-06-13 |
To Bank |
|
xxx |
31-03-2014 |
By Depreciation |
|
xx |
|
|
|
|
|
|
By Balance c/d |
|
xx |
|
|
Total |
|
xxx |
|
Total |
|
xxx |
|
01-04-2014 |
To Balance |
|
xx |
|
By Depreciation |
|
xx |