Depreciation Methods 1

Depreciation Entries
Sl.No.	Asset Name	Date Of Purchase	Value As on The last date of the Financial Year	Useful Life in years	Annual depreciation	Days Used in this year	Depreciation for the year --
			(A)	(B)	(A)/(B)=©	(D)	©*(D)/365=(E)
1	Computer	02-04-2005	22,500	4	5625	364	5,609.59
2	Cell Phone	15-04-2005	6,000	5	1200	351	1,153.97
3	Furniture	15-04-2005	20,000	8	2500	351	2,404.11
4	Air Conditioner	15-04-2005	20,000	6	3,333.33	351	3,205.48
5	Electrical Fittings	15-04-2005	15,000	10	1500	351	1,442.47
6	Office Equipment	15-12-2005	12,000	6	2000	107	586.30
			95,500		16,158.33		14,401.92