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The accumulated depreciation is $600. This means that each year, a depreciation of $600 is applied to the asset.

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Double Declining Balance Depreciation

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* 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.

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Sum of Year’s Digits Depreciation

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*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.

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Related topics
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Using the Bar Code Scanner to Take Inventory
Printing Fixed Asset month-end reports
Calculating Asset Depreciation
Posting Asset Depreciation