Management Sciences & Accounting Suite
Depreciation & Asset Amortization Calculator
Generate complete IFRS / IAS 16 depreciation schedules using **Straight-Line**, **Reducing Balance**, or **Sum-of-the-Years-Digits (SYD)**.
Asset Parameters
Asset Financial Summary
Depreciable Amount
₦900,000
Final Salvage Value
₦100,000
Method Formula:
Annual Dep = (Cost - Salvage) ÷ Life
Year-by-Year IAS 16 Depreciation Schedule
5 Accounting Periods| YEAR | OPENING NBV (₦) | DEPRECIATION CHARGE (₦) | ACCUMULATED DEP (₦) | CLOSING NBV (₦) |
|---|---|---|---|---|
| Year 1 | ₦1,000,000 | ₦180,000 | ₦180,000 | ₦820,000 |
| Year 2 | ₦820,000 | ₦180,000 | ₦360,000 | ₦640,000 |
| Year 3 | ₦640,000 | ₦180,000 | ₦540,000 | ₦460,000 |
| Year 4 | ₦460,000 | ₦180,000 | ₦720,000 | ₦280,000 |
| Year 5 | ₦280,000 | ₦180,000 | ₦900,000 | ₦100,000 |