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Plant & machinery Depreciation (Companies Act)
Plant & machinery are 15-year useful life (Schedule II). Enter your cost to see the full schedule.
Plant & machinery Depreciation (Companies Act)
Year 1 depreciation15 years · book value after year 1: 9,366.67
Total depreciation shown
9,500.00
Final book value
500.00
| Year | Opening value | Depreciation | Closing value | Rate % |
|---|---|---|---|---|
| 1 | 10,000.00 | 633.33 | 9,366.67 | 6.33 |
| 2 | 9,366.67 | 633.33 | 8,733.33 | 6.33 |
| 3 | 8,733.33 | 633.33 | 8,100.00 | 6.33 |
| 4 | 8,100.00 | 633.33 | 7,466.67 | 6.33 |
| 5 | 7,466.67 | 633.33 | 6,833.33 | 6.33 |
| 6 | 6,833.33 | 633.33 | 6,200.00 | 6.33 |
| 7 | 6,200.00 | 633.33 | 5,566.67 | 6.33 |
| 8 | 5,566.67 | 633.33 | 4,933.33 | 6.33 |
| 9 | 4,933.33 | 633.33 | 4,300.00 | 6.33 |
| 10 | 4,300.00 | 633.33 | 3,666.67 | 6.33 |
| 11 | 3,666.67 | 633.33 | 3,033.33 | 6.33 |
| 12 | 3,033.33 | 633.33 | 2,400.00 | 6.33 |
| 13 | 2,400.00 | 633.33 | 1,766.67 | 6.33 |
| 14 | 1,766.67 | 633.33 | 1,133.33 | 6.33 |
| 15 | 1,133.33 | 633.33 | 500.00 | 6.33 |
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.
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