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Depreciation Expense Overview 2022-2023

The document records various business transactions over two years including purchases of assets, depreciation expense calculations using different methods, and sales of assets. It shows the acquisition and disposition of machines, vehicles, furniture, and land improvements along with accumulated depreciation and depreciation expense calculations for accounting purposes.

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Moonchaser
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9 views5 pages

Depreciation Expense Overview 2022-2023

The document records various business transactions over two years including purchases of assets, depreciation expense calculations using different methods, and sales of assets. It shows the acquisition and disposition of machines, vehicles, furniture, and land improvements along with accumulated depreciation and depreciation expense calculations for accounting purposes.

Uploaded by

Moonchaser
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

2022

JAN. 3 MACHINE 3 59,200.00


CASH 59,200.00

JUN. 22 VECHICLE 16,210.00


CASH 16,210.00

AUG. 28 DEPRE EXP. 5,400.00


FURNITURE 12,500.00
ACCU. DEP 26,325.00
MACHINE 1 43,000.00
CASH 1,000.00
GAIN 225.00
DEPRECIABLE AMOUNT (43,000-2,500) 40,500.00
ACCU. DEP COMPUTATION (OCT. 2018-DEC. 2021)
(40,500*39/60) 26,325.00
DEPRE EXPENSE COMPUTATION (JAN. 2022-AUG. 2022)
(40,500*8/60) 5,400.00

DEC. 31 DEPRE EXPENSE 40,149.03


ACCU. DEP 40,149.03
ADR TECHNIQUE
MACHINE
ACQUIRED (59,200-4,000)/5 11,040.00
DISPOSED 43,000.00 5,400.00 ALREADY RECORDED ON AUG. 28
REMAINING (48,000-3,000)/5 9,000.00
TOTAL DEPRE EXPENSE 25,440.00

VEHICLE
ACQUIRED 16,210*30%*6/12 2,431.50
DISPOSED
REMAINING (46,800-19,656)*30% 8,143.20
TOTAL DEPRE EXPENSE 10,574.70

BUILDING
ACQUIRED
DISPOSED
REMAINING (185,720-5,000)/20 9,036.00
TOTAL DEPRE EXPENSE 9,036.00

FURNITURE
ACQUIRED (12,500-540)/8*4/12 498.33
DISPOSED
REMAINING
TOTAL DEPRE EXPENSE 498.33

2023
APR. 30 REPAIRS AND MAINTENANCE 998.00
CASH 998.00

MAY. 25 CASH 6,600.00


ACCU. DEP 12,221.00
DEPRE EXP. 1,433.00
LOSS 3,146.00
VEHICLE 23,400.00

ACCU. DEP COMPUTATION (NOV. 2020-DEC. 2022) 23,400.00 0.30


NOV 30. 2020- NOV 30. 2021 7,020.00 7,020.00 16,380.00 0.30
NOV 30. 2021- NOV 30. 2022 4,914.00 4,914.00
NOV 30. 2022-NOV 30. 2023 3,440.00 x 1/12 287.00
12,221.00
DEPRE EXPENSE (JAN. 2023-MAY 2023)
NOV 30. 2022-NOV 30. 2023 3,440.00 x 5/12 1,433.00

JUN. 26 LAND IMPROVEMENTS 5,500.00


CASH 5,500.00

DEC. 31 DEPRE EXPENSE 38,333.25


ACCU. DEP 38,333.25

MACHINE
ACQUIRED
DISPOSED
REMAINING (48,000-3,000)/5 9,000.00
(59,200-4,000)/5 11,040.00
TOTAL DEPRE EXPENSE 20,040.00

VEHICLE
ACQUIRED
DISPOSED 23,400.00 1,433.00 ALREADY RECORDED ON MAY 25
REMAINING (23,400-12,221)*30% 3,353.70
(16,210-2,431.50)*30% 4,133.55
TOTAL DEPRE EXPENSE 8,920.25

BUILDING
ACQUIRED
DISPOSED
REMAINING (185,720-5,000)/20 9,036.00
TOTAL DEPRE EXPENSE 9,036.00

FURNITURE
ACQUIRED
DISPOSED
REMAINING (12,500-540)/8 1,495.00
TOTAL DEPRE EXPENSE 1,495.00

LAND IMPROVEMENTS
ACQUIRED (5,500/10)*6/12 275.00
DISPOSED
REMAINING
TOTAL DEPRE EXPENSE 275.00
7,020.00
4,914.00
1st-15th day 1st day'
16th-Last day Last day

OCT. 10 OCT. 1
AUG. 25 AUG. 31

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