Warehouse forklift
FA-002 · FLT-1180 · posts to 1310 Equipment & furniture.
Cost
$21,600
Accumulated
$9,000
Book value
$12,600
Depreciation schedule
First periods — straight line, no salvage value
| Period | Depreciation | Accumulated | Book value |
|---|---|---|---|
| Sep 2022 | $225.00 | ($225.00) | $21,375.00 |
| Oct 2022 | $225.00 | ($450.00) | $21,150.00 |
| Nov 2022 | $225.00 | ($675.00) | $20,925.00 |
| Dec 2022 | $225.00 | ($900.00) | $20,700.00 |
| Jan 2023 | $225.00 | ($1,125.00) | $20,475.00 |
| Feb 2023 | $225.00 | ($1,350.00) | $20,250.00 |
| Mar 2023 | $225.00 | ($1,575.00) | $20,025.00 |
| Apr 2023 | $225.00 | ($1,800.00) | $19,800.00 |
… 88 more periods until fully depreciated.
Asset details
- Status
- in service
- Method
- Straight line
- Useful life
- 96 months
- Monthly dep.
- $225.00
- Remaining life
- ~4 yrs
- Serial
- FLT-1180
Posting
- Cost account
- 1310
- Depreciation
- 6090 expense
- Accumulated
- 1330 contra