Accounting Depreciation Calculation Rubric for [Your Company Name]
This rubric serves as a structured and systematic guide to ensure that all aspects of depreciation calculation for [Your Company Name]'s assets are handled with precision and adherence to the highest accounting standards. Your diligent application of this rubric contributes significantly to the integrity and accuracy of our financial reporting.
Performance Objectives/Task | Poor | Fair | Good | Excellent |
|---|
Accurate Identification of Asset Categories | Incorrect categorization and lacks understanding of asset nature | Some assets correctly categorized but with minor errors and inconsistencies | Most assets correctly categorized, few minor errors | All assets are accurately and consistently categorized |
Selection of Appropriate Depreciation Methods | Incorrect or inconsistent depreciation methods selected | Some correct depreciation methods applied but with some inconsistencies | Most depreciation methods correctly chosen, few minor errors | All depreciation methods are perfectly and consistently selected |
Calculation of Depreciation Expense | Major errors in calculation or complete omission of depreciation expense | Some correct calculations, but with minor errors and inconsistencies | Most calculations correct, few minor errors | All depreciation expense calculated accurately and consistently |
Monitoring and Adjusting Asset Lifespan and Salvage Values | Lacks review or correct adjustment of estimated values | Some values correctly reviewed and adjusted, with minor errors and inconsistencies | Most values correctly reviewed and adjusted, few minor errors | Perfect and consistent review, adjustment of asset value and estimation |
Documentation and Reporting Compliance | Insufficient or incorrect documentation and non-compliance | Some documentation correctly done but with minor errors and inconsistencies | Most documentation correctly and consistently done, few minor errors | Perfect and consistent documentation, excellent compliance |
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