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 |
