What is depreciation❓

What is depreciation❓

For this article, we would like to offer tips and information about the method of depreciation of assets to be deposited together. If you're ready, let's go see it.

👉🏻 Get to know Asset depreciation

Asset depreciation is an expense that is gradually written off from the value of an asset that the entity has used and used over a period of more than 1 year and has a high value that Able to gradually record tax expenses of the company without exceeding the rate that the Revenue Department has set and unable to record expenses in full at the year of purchase

👉🏻 Methods for depreciating assets

There is a formula for depreciating assets in the peak system.

You can use the formula as follows. Depreciation cost/day is equal to [(cost of capital added to accumulated depreciation brought forward) and subtracted from salvage value] / remaining age (days).

After getting the number of depreciation / day and then will be multiplied by the number of days of the month will be equal to the depreciation of that month

Give an example of depreciation in the absence of accumulated depreciation.

Computer equipment was purchased on September 11, 2019 at a price of 36,000 baht and a salvage value of 1 baht and a useful life of 5 years.

By using the depreciation formula / day, it will be equal to [(cost of capital minus the accumulated depreciation quoted) subtracted from the scrap value] / residual life (days).

Substituting the values in the formula is equal to [(36,000-0)-1] /1827 = 35999/1827

The depreciation expense/day will be equal to 19.70 baht per day.

by depreciating assets in September 2019

By giving the number of days in September The year 2019 is multiplied by the daily depreciation.

The values are substituted in the formula as follows. It will be equal to 20 days (counting the date of September 11, 2019, subtracted from the date of September 30, 2019) and multiplied by 19.70 to equal 394.08 baht.

How are you? Hope this article will be useful for all readers. And see you again in the next article.

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