Date of Purchase:
1 Jan 2023
1 Feb 2023
1 Mar 2023
1 Apr 2023
1 May 2023
1 Jun 2023
1 Jul 2023
1 Aug 2023
1 Sep 2023
1 Oct 2023
1 Nov 2023
1 Dec 2023
Accounting Year End:
31 Jan
28 Feb
31 Mar
30 Apr
31 May
30 Jun
31 Jul
31 Aug
30 Sep
31 Oct
30 Nov
31 Dec
Full year's depreciation charged in year of purchase
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Scenario Details
Equipment Cost:
$12,000
Depreciation Rate:
20%
Depreciation Expense Results
Straight-Line Method
Formula: 20% × $12,000
2023:
$0
2024:
$0
2025:
$0
Reducing-Balance Method
Formula: 20% × Net Book Value
2023:
$0
2024:
$0
2025:
$0