05-21-2006, 02:08 AM
@Fleety
Well i think ur basics are quite wrong.
Firt of all look at the definition of depreciation. its the systematic allocation of depreciable amount over the useful life of asset.
so its not the written down value, but the depreciable amount that should be zero at the end of the useful life of the asset.
u r trying to make written down value = 0 which is incorrect.
The depreciable amount will always be 0 irrespective of the method of depreciation used.
and depreciable amount = Cost of asset-residual value
u r welcome to ask any clarifications
Well i think ur basics are quite wrong.
Firt of all look at the definition of depreciation. its the systematic allocation of depreciable amount over the useful life of asset.
so its not the written down value, but the depreciable amount that should be zero at the end of the useful life of the asset.
u r trying to make written down value = 0 which is incorrect.
The depreciable amount will always be 0 irrespective of the method of depreciation used.
and depreciable amount = Cost of asset-residual value
u r welcome to ask any clarifications
