Remaining Value Calculation for Add Transactions
The following table shows data that is used in the calculation examples that follow it.
| Attributes | Data |
|---|---|
|
Transaction Date |
10/1/2006 |
|
Accounting Date |
10/1/2006 |
|
In-Service Date |
3/1/2006 |
|
Life |
60 periods |
|
Cost |
6,000 USD |
|
Accumulated Depreciation |
500 USD |
|
Calculation Type |
Remaining Value |
|
Convention |
Half-Year |
|
Method |
Straight-Line |
|
Depreciate When In Service Switch |
N |
|
Begin Depr Date |
7/1/2006 |
|
Remaining Value |
5,500 USD |
|
Remaining Life |
60 periods |
Remaining Value
The following example illustrates remaining value:
Remaining Value = Cost - Accumulated Depreciation
6,000 USD cost - 500 USD accumulated depreciation = 5,500 remaining value