Business > STUDY GUIDE > University of Notre Dame - Ece 109CEE 109 - Depreciation Part 1 (2 (All)
University of Notre Dame - Ece 109CEE 109 - Depreciation Part 1 (2
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DEPRECIATION • Depreciation – is the decrease in value of physical property with the passage of time. • Book Value – is the worth of property as shown on the accounting records of an enter... prise • Salvage/Resale Value – is the price that can be obtained from the sale of the property after it has been used. • Scrap Value – the amount of property would sell if disposed of as junk.DEPRECIATION Where: BVm = book value of a property at any time m D m = total depreciation of a property at any time m DL = total depreciation at the end of its useful life FC = first cost SV = salvage or scrap valueDEPRECIATION Straight Line Method Straight Line Method –a method which assumes that the loss in value is directly proportional to the age of the property. Where: d = depreciation at any year D m = total depreciation of a property at any time m DL = total depreciation at the end of its useful life L = useful life in years FC = first cost SV = salvage or scrap value [Show More]
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