We will now prepare the schedule we talked about in the previous section, as follows:
This is the full asset and depreciation schedule that should be prepared for each asset class. We will now break the schedule down and analyze it in detail.
The first section contains the following information:
Here, we have several keywords, such as Depreciation Method and Asset Life. We will look at what they are for this particular schedule:
- Depreciation Method: In our case, it is the SLM
- Asset Life: This is used to represent ...