Accounting Depreciation Calculation Rubric

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