![]() ![]() In this section, the template calculates the straight-line depreciation. This template consists of 2 sections: Straight-Line Depreciation Calculation and Diminishing Balance Depreciation Calculation. Contents of Depreciation Calculator Excel Template Let us understand the contents of this template and how to use it. You can also download other templates like Cash Flow Statement, Trial Balance and Profit and Loss Account. Just enter a few values and it will automatically calculate depreciation by both the methods.Ĭlick here to download the Depreciation Calculator Excel Template.Ĭlick here to Download All Accounting Excel Templates for ₹299. We have created a simple and easy Depreciation Calculator with predefined formulas. Hence, it is given the name as the diminishing balance method.” Depreciation Calculator Excel Template It calculates the new depreciation based on that lower value. “The declining balance method reduces an asset’s value by the amount it depreciated in the previous years. The Straight-line method of depreciation applies even cost throughout the life of the fixed asset.” “Straight Line method depreciates an asset uniformly over the period of its usability. Moreover, it displays the year on year amount of depreciation for as per the Diminishing Balance method. I hope that this Depreciation Calculator will be very helpful to all users and it will make task quite easy while also save time & cost involved to a great extent.The template displays the depreciation rate for the straight-line method based on scrap value. This Calculator is updated till the Financial Year 2020-21.Besides above, this calculator also contained a Distinguished Feature of enabling preparation of the PPE Register (Master Data) for the F.Y.The user can create COPY of complete working of a particular PPE and PASTE the same to the destination file for all future references.By entering only the basic information about the PPE, the user will be able to get the working of life-time depreciation of that particular PPE.This Calculator also provides effects on the Retained Earnings as on, if any.In the event of disposal of PPE, this Calculator provides the details of Profit/Loss on disposal of such PPE.single shift, double shift or triple shift as per the usage of the particular PPE. The user can calculate the depreciation for different number of shifts i.e.This Calculator is helpful for working depreciation under both the methods viz-a-viz.The user should read the same before feeding the data. The user is required to provide only some basic information about a PPE for which the guided comments are also provided in respect of each of such editable field.The use of this depreciation calculator is very simple and all requisite instructions for use are provided therein.This Depreciation Calculator is quite user-friendly and contains several remarkable features such as… Date of disposal and sale consideration, if applicable.įeatures of Depreciation Calculator under Schedule II of Companies Act, 2013 :.Selection of number of Shifts of use of a particular PPE and.In case where the PPE is acquired before, Opening Value.Estimated Scrap Value (restricted maximum upto 5% of cost).Type and description of the PPE as per Schedule – II.Applicable method of depreciation viz-a-viz.2019-20.įor the purpose of calculating the depreciation, the user is expected to provide the following few basic information about the PPE: Calculation of Life-time Depreciation of a particular PPE.By providing some basic information about the PPE, the user will be able to get the followings I am sharing with you an exclusive Calculator for working Depreciation on the Property, Plant & Equipment (hereinafter referred to as “PPE”) of the Companies in accordance with the Schedule – II under the Companies Act, 2013. Calculator for Depreciation under Schedule II (upto F.Y. ![]()
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