Having too many properties means that we can be regarded as wealthy persons. However, there is one important thing we should be aware of. We need to understand that the value of our properties can decrease. The decreased value of assets or properties, at the same time, can be calculated easily using a depreciation calculator. Generally, such tool comes with several different methods of depreciation. Due to the fact, we need to ask a question: which methods that will suit our needs?
Fortunately, we do not have to think about a method of depreciation since there is a template for depreciation that can be downloaded easily from the internet. Basically, such template comes with certain financial methods, so you don’t have to bother with the methods. The template has combined some methods, such as: declining balance, sum-of-years digit, and straight line. And the template is proven to be useful when you use it for determining the value of certain properties after they are used in a certain period.
As stated, you can have all of those methods written in this depreciation calculator template for Excel. You can compare each methods before deciding the suitable one for your accounting calculation. Why accounting calculation? Because depreciation values are basically estimation price. It could be higher or lower if you see the real price in the market. Calculation result is used to make report and to balance company financial report. If you plan to sell the item, it would be better if you check the market price first.
Depreciation Calculator (22.0 KiB, 575 hits)