Accumulated Depreciation Calculator
After three years, the company records an asset impairment charge of $200,000 against the asset. This means that the asset’s net book value is $500,000 (calculated as $1,000,000 purchase price – $200,000 impairment charge – $300,000 accumulated depreciation). Subtracting accumulated depreciation from an asset’s cost results in the asset’s book value or carrying value. Depreciation[…]