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Companies Act Depreciation Calculator (Schedule II)
Formula: straight-line over Schedule II useful lives. Enter the cost and life (or class) to get a complete schedule.
Companies Act Depreciation Calculator (Schedule II)
Year 1 depreciation3 years · book value after year 1: 6,833.33
Total depreciation shown
9,500.00
Final book value
500.00
| Year | Opening value | Depreciation | Closing value | Rate % |
|---|---|---|---|---|
| 1 | 10,000.00 | 3,166.67 | 6,833.33 | 31.67 |
| 2 | 6,833.33 | 3,166.67 | 3,666.67 | 31.67 |
| 3 | 3,666.67 | 3,166.67 | 500.00 | 31.67 |
Companies Act 2013 Schedule II useful lives (e.g. computers 3 years, servers 6, furniture 10, vehicles 8, plant 15); residual value is normally up to 5% of cost.
General information and templates, not legal advice. Laws differ by jurisdiction and change; have a qualified lawyer review anything you rely on. Disclaimer
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