Life to Date Calculation for Add Transactions: Calculate When in Service On
The following table shows data that is used in the calculation example that follows it.
| Attributes | Data |
|---|---|
|
Transaction Date |
3/1/2006 |
|
Accounting Date |
3/1/2006 |
|
In-Service Date |
3/1/2006 |
|
Life |
60 periods |
|
Cost |
6,000 USD |
|
Accumulated Depreciation |
500 USD |
|
Calculation Type |
Life to Date |
|
Convention |
Half-Year |
|
Method |
Straight-Line |
|
Depreciate When In Service Switch |
Y |
|
Begin Depr Date |
7/1/2006 |
|
Remaining Value |
6,000 USD |
|
Remaining Life |
60 periods |
|
Yearly Depreciation (First year) |
600.00 USD |
|
Period Allocation (First year) |
60 USD |
Depreciation Results
The following table shows yearly depreciation by period for 2006.
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | Period |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
60 |
60 |
60 |
60 |
60 |
60 |
60 |
60 |
60 |
60 |
Amount |
Remaining life is 60 periods; remaining value is 6,000 USD; yearly depreciation for 2006 is 600 USD.