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Asset 3: Forklift Units Yearly Depreciation Monthly Depreciation ...

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Accounting

Asset 3: Forklift Units Yearly Depreciation Monthly Depreciation Depreciation Expense 104
Asset Name: Equipment Year 1 500 2.5 1250 104 Accumulated Depreciation 104
Cost 8,000 Year 2 600 2.5 1500 125
Useful Life 5 years Year 3 700 2.5 1750 146 Final Balance Sheet Snippet
Salvage Value 500 Year 4 700 2.5 1750 146 Forklift 8000
Units: Hours 3,000 Year 5 400 2.5 1000 83 adjust in final year Accumulated Depreciation -7500 Rounded, adjusted in final month
2900 7250 Net Book Value 500
Factor: 2.50

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