Golf Cart Depreciation Calculator
Here's the table that shows the value of the golf cart at the end of each year:
Year | Depreciation Amount | Accumulated Depreciation | Book Value |
---|---|---|---|
0 | $0 | $0 | $10,000 |
1 | $1,000 | $1,000 | $9,000 |
2 | $1,000 | $2,000 | $8,000 |
3 | $1,000 | $3,000 | $7,000 |
4 | $1,000 | $4,000 | $6,000 |
5 | $1,000 | $5,000 | $5,000 |
6 | $1,000 | $6,000 | $4,000 |
7 | $1,000 | $7,000 | $3,000 |
8 | $1,000 | $8,000 | $2,000 |
9 | $1,000 | $9,000 | $1,000 |
10 | $1,000 | $10,000 | $0 |
This table shows how the golf cart's value decreases over 10 years with an annual depreciation rate of 10%. The book value at the end of each year is calculated by subtracting the accumulated depreciation from the initial cost.
If you'd like a different set of assumptions or a different depreciation method (e.g., declining balance), let me know, and I can adjust the table accordingly.