Attendance promotion is coming soon. View these promotion topics:
The accumulated depreciation is $600. This means that each year, a depreciation of $600 is applied to the asset.
Double Declining Balance Depreciation
* The actual amount the formula returns is $44.56. However, this would return an asset book value of $482.62, which is less than the salvage value of $200.00. Once the salvage value is reached, the asset is no longer depreciated.
Sum of Year’s Digits Depreciation
*Totals do not equal salvage value due to rounding. ACS does not allow the final asset book value to equal less than the salvage amount.