Ch 3 · Depreciation Accounting

🧮 Formula sheet

1. 1.SLM Depreciation = (Cost − Residual Value) / Useful Life
2. 2.WDV Rate = 1 − (Residual / Cost)^(1/n)
3. 3.Book Value = Cost − Accumulated Depreciation
4. 4.Profit/Loss on Sale = Sale Proceeds − Book Value on date of sale