Administration Asset Depreciation Schedule
Administrative Asset Depreciation Schedule
Track depreciation expenses for administrative assets over time using this schedule. It complies with US accounting standards, aiding in financial reporting and decision-making. Input asset details and follow provided instructions for accurate calculations.
Asset Details
|
Asset |
Purchase Date |
Cost |
Life |
|---|---|---|---|
|
Furniture |
[Month, Day, Year] |
$5,000 |
5 yrs |
Depreciation Methods
|
Asset |
Method |
|---|---|
|
Furniture |
Straight-line |
Depreciation Expense
|
Asset |
Year 1 |
Year 2 |
Year 3 |
|---|---|---|---|
|
Furniture |
$1,000 |
$1,000 |
$1,000 |
Accumulated Depreciation
|
Asset |
Year 1 |
Year 2 |
|---|---|---|
|
Furniture |
$1,000 |
$2,000 |
Book Value
|
Asset |
Year 1 |
Year 2 |
|---|---|---|
|
Furniture |
$4,000 |
$3,000 |
Periodic Reporting
|
Reporting Period: |
Yearly |
Reporting
This schedule is prepared in accordance with Generally Accepted Accounting Principles (GAAP) and complies with US tax regulations. It serves as documentation for financial reporting purposes.
