Hi
Depreciation is for current year (cost-salvage)/years of usage
Accumulated depreciation= SLM×no of years
I want a schedule clearly expounding yearly accumulated depreciation (credit) and not normal depreciation cause everyone knows SLM is the same amount for all years.
Txs
tadaaah!
| Cost | 10000 | LIFE | 5 YRS | ||||||||||
| SLM | 20% | SCRAP | 0 | ||||||||||
| WDV | 25% | CURRENT DEP | 2000 | ||||||||||
| a | b | c | d | e | f | g | h | i | j | k | l | m | |
| YEARS | SLM DEP | NBV | PBT | (c-a) | TAX @ 30% | ACC DEP | NBV | WDV | NBV | PBT | (j-h) | TAX @ 30% | DTA/(DTL) |
| 1 | 2000 | 8000 | 5000 | 3000 | 900 | 2000 | 8000 | 2500 | 7500 | 5000 | 2500 | 750 | 150 |
| 2 | 2000 | 6000 | 5000 | 3000 | 900 | 4000 | 6000 | 1875 | 5625 | 5000 | 3125 | 938 | -38 |
| 3 | 2000 | 4000 | 5000 | 3000 | 900 | 6000 | 4000 | 1406 | 4219 | 5000 | 3594 | 1078 | -178 |
| 4 | 2000 | 2000 | 5000 | 3000 | 900 | 8000 | 2000 | 1055 | 3164 | 5000 | 3945 | 1184 | -284 |
| 5 | 2000 | 0 | 5000 | 3000 | 900 | 10000 | 0 | 791 | 2373 | 5000 | 4209 | 1263 | -363 |
CAclubindia
