Answer to Question #98506 in Accounting for Myriel Martins

Question

What is the formula to calculate WDV of an asset ?

Answer 1

the formula to calculate WDV of an asset:

Written-down value = value of an asset - depreciation (amortization)

Depreciation is a non-cash expense that is used to write down the value of an asset over its useful life.

Main types of depreciation methods:

1. Straight-line
2. Double declining balance
3. Units of production
4. Sum of years digits

https://www.investopedia.com/terms/w/writtendownvalue.asp

https://corporatefinanceinstitute.com/resources/knowledge/accounting/types-depreciation-methods/