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    Hina Patel's Avatar
    Hina Patel Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 19, 2009, 04:26 AM
    Depreciation methods
    Hi can you please help me with the following question.

    Q1. Machinery deprecation using stright-line method for 10 years. Machinery cost £23100. I would like to know, how can I work that out?




    Q2. Vehicle Depreciated using reducing balance at 36% pa (3.65% per month) Vehicle cost £13500. I would like to know, how can I work that out?


    Thank you.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    May 21, 2009, 04:21 PM

    Q1. Annual straight-line depreciation expense = (cost less salvage/residual)/life

    Q2. Depending on whether you want annual or monthly depreciation, just use the 36% or the 3.65% - there's not exactly a lot to work out there.
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