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Calculate a depreciation schedule

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Calculate a depreciation schedule for each of the depreciating assets. How much can Cam industries claim in depreciation for the close of the 2021-22 financial year?

Assets [excluding GST]

-Office furniture: Cost $15,000; useful life 8 years; depreciation method prime cost; installed on 1 July 2021.

-Factory equipment: Cost $375,000; useful life 8 years; depreciation method prime cost; installed ready for use 31 July 2021.

-Computers: Cost $20,000; useful life 4 years; depreciation method diminishing value; installed ready for use 15 July 2021

Reference no: EM133033761

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