05-15-2006, 12:00 AM
Hi, straight line is easy
Car - £10,000 depreciated over 4 years to zero = £2,500 per month and it's gone
However how would I do the same calcualtion on reducing deprecation?
I need to come out at zero over 4 years but I come to £3164
My calc here is
£10,000
Less 25% = £7,500
£7,500
Less 25% = £5625
£5625
Less 25% = £4219
£4219
Less 25% = £3164 ! and not zero
Obviously I am missing the basics here however please tell me where I am going wrong!
Many thanks
Fleety
Car - £10,000 depreciated over 4 years to zero = £2,500 per month and it's gone
However how would I do the same calcualtion on reducing deprecation?
I need to come out at zero over 4 years but I come to £3164
My calc here is
£10,000
Less 25% = £7,500
£7,500
Less 25% = £5625
£5625
Less 25% = £4219
£4219
Less 25% = £3164 ! and not zero
Obviously I am missing the basics here however please tell me where I am going wrong!
Many thanks
Fleety
