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FIXED ASSET RECORD with DEPRECIATION

DATE: [Date]
Asset Name Asset Class Description Physical Location Asset No. Serial No. Acquisition Date
Acquisition
Cost
Depreciation
Method Useful Life (Years) Salvage Value
Previous
Depreciation First Year %
Depreciation This
Period
100%
100%
Total $0.00 $0.00 $0.00 $0.00
Abbreviation Depreciation Method Description
SL Straight-line depreciation
Calculates straight-line depreciation based on the asset's cost, salvage value, and
estimated economic life.
150% DDB
150% declining balance
depreciation
Calculates 150% declining balance depreciation based on the asset's cost, salvage
value, and estimated economic life. It switches to straight-line depreciation at the
point when straight-line depreciation exceeds declining balance depreciation.
200% DDB
200% declining balance
depreciation
Calculates 200% declining balance depreciation based on the asset's cost, salvage
value, and estimated economic life. It switches to straight-line depreciation at the
point when straight-line depreciation exceeds declining balance depreciation.