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- DEPRECIATION SCHEDULE-SINKING FUND METHOD
- THIS PROGRAM PRINTS A SCHEDULE FOR DEPRECIATING AN ASSET
- BY THE SINKING FUND METHOD. THIS METHOD IS USED BY REGULATED
- INDUSTRIES QUITE A BIT. IN THIS METHOD THERE ARE EQUAL YEARLY
- DEPRECIATION CHARGES BUT THE DEPRECIATION IS ASSUMED TO BE
- INVESTED IN A (SINKING FUND) ACCOUNT EARNING STATED INTEREST.
- INPUTS ARE ITEM COST,ESTIMATED SALVAGE VALUE, LIFE IN YEARS,
- AND SINKING FUND INTEREST RATE.
-
- OUTPUT INCLUDES ANNUAL DEPRECIATION CHARGES PLUS A YEAR BY
- YEAR SCHEDULE OF BOOK VALUE,INTEREST ON SINKING FUND, INCREASE
- IN SIZE OF SINKING FUND, AND TOTAL VALUE OF SINKING FUND.
-
- PRESS ENTER TO BEGIN?
- DO YOU WANT OUTPUT ON LINEPRINTER(Y/N)? Y
- ENTER COST ? 76543
- ENTER SALVAGE VALUE ? 9876
- ENTER LIFE IN YEARS ? 7
- ENTER INT RATE ON SINKING FUND(%)? 3.75
- PRESS ENTER WHEN PRINTER READY?
-
- ANNUAL DEPRECIATION CHARGES = 8504.96
- YEAR BOOK VAL. FUND INT. INCR. IN FUND FUND VAL.
- 0 76543.00
- 1 68038.04 0.00 8504.96 8504.96
- 2 59214.15 318.94 8823.89 17328.85
- 3 50059.37 649.83 9154.79 26483.63
- 4 40561.27 993.14 9498.09 35981.73
- 5 30707.00 1349.31 9854.27 45836.00
- 6 20483.20 1718.85 10223.81 56059.80
- 7 9876.00 2102.24 10607.20 66667.00
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