A depreciation schedule is a table that lists the details of fixed assets and the calculation of their depreciation over a specified period of time. This can be useful for businesses as it allows them to track the value of their assets and allocate the cost of those assets to the appropriate accounting periods.
Here is a template that you can use to create a depreciation schedule:
1. Asset name:
2. Asset description:
3. Purchase date:
4. Purchase price:
5. Salvage value:
6. Estimated useful life:
7. Depreciation method:
8. Depreciation expense:
To use this template, simply fill in the relevant information for each asset that you want to include in the depreciation schedule. The depreciation expense for each asset can be calculated using one of several methods, such as straight-line depreciation or declining balance depreciation. Once you have completed the template, you can use it to track the depreciation of your fixed assets over time.
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