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Fixed Asset Examples Excel Template

The document contains details of fixed asset accounts, depreciation calculations for various assets including vehicles and machines, and calculations of net sales, asset values, accumulated depreciation, and asset turnover ratio. Formulas are provided for calculating depreciation, net sales, and asset turnover ratio. Various accounts are tracked over multiple years including balances, depreciation amounts, and transfers between accounts.

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HR Babita
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88 views

Fixed Asset Examples Excel Template

The document contains details of fixed asset accounts, depreciation calculations for various assets including vehicles and machines, and calculations of net sales, asset values, accumulated depreciation, and asset turnover ratio. Formulas are provided for calculating depreciation, net sales, and asset turnover ratio. Various accounts are tracked over multiple years including balances, depreciation amounts, and transfers between accounts.

Uploaded by

HR Babita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Fixed Asset Excel Template

Visit: www.educba.com
Email: [email protected]
Depreciation 10%

Particulars Amount
Store (2000 Sq. Feet) $2,000,000
Furniture & Fixtures $500,000
Vehicles $100,000

Total Fixed Assets is calculated as:

Particulars Amount As Depreciation For Net Amount As on


on 1/1/18 the year 31/12/18
Store (2000 Sq. Feet) $2,000,000 $0 $2,000,000
Furniture & Fixtures $500,000 $50,000 $450,000
Vehicles $100,000 $9,000 $91,000
Total $2,600,000 $59,000
Total Fixed Assets $2,541,000

Depreciation for Vehicle is calculated as:


Depreciation for Vehicle = (Acquisition Cost - Salvage Value) / Useful Life

Particulars Quantity Value Total


Vehicle: Acquisition cost $2 $50,000 $100,000
Vehicle: Salvage Value $2 $5,000 $10,000
Net value (A) $90,000
Useful Life (in Years) (B) $10
Depreciation Charge (A/B) $9,000
Calculation of Cost of Machine Amount
Purchase Cost $1,500,000
Add: Installation Cost $50,000
$1,550,000
Less: Trade Discount $150,000
Cost of Machine $1,400,000

Fixed Asset Account


Date Particulars Amount Date
1/1/2016 To Bank a/c $1,400,000 31/12/16

Total $1,400,000
1/1/2017 To Balance b/d $1,176,000 31/12/17

Total $1,176,000
1/1/2018 To Balance b/d $987,840 31/12/18
31/3/2018 To Rev. Reserve a/c $197,568
Total $1,185,408
1/1/2019 To Balance b/d $995,743 31/12/19

Total $995,743
1/1/2020 To Balance b/d $836,424 31/12/20

Total $836,424
1/1/2021 To Balance b/d $702,596 31/12/21

$702,596
1/1/2022 To Balance b/d $590,181 31/12/22

Total $590,181
1/1/2023 To Balance b/d $495,752 31/12/23

Total $495,752

Calculation of Revaluation Reserve for the ending 8th Year.

Date/ Year Revaluation Reserve Amount Transferred Revaluation Reserve


Opening Balance to P&L a/c @ 16% Closing Balance
31/3/2018 $197,568 $0 $197,568
31/3/2019 $197,568 $31,611 $165,957
31/3/2020 $165,957 $26,553 $139,404
31/3/2021 $139,404 $22,305 $117,099
31/3/2022 $117,099 $18,736 $98,363
31/3/2023 $98,363 $15,738 $82,625
Particulars Amount
By Depreciation $224,000
By Balance c/d $1,176,000
$1,400,000
By Depreciation $188,160
By Balance c/d $987,840
$1,176,000
By Depreciation $189,665
By Balance c/d $995,743
$1,185,408
By Depreciation $159,319
By Balance c/d $836,424
$995,743
By Depreciation $133,828
By Balance c/d $702,596
$836,424
By Depreciation $112,415
By Balance c/d $590,181
$702,596
By Depreciation $94,429
By Balance c/d $495,752
$590,181
By Depreciation $79,320
By Bank A/c $350,000
By Rev Reserve A/c $82,625
By P & L A/c (Loss) -$16,194
$495,752
Net Sales is calculated as:

Particulars Amount
Cash Sales $325,000
Credit Sales $475,000
Net Sales $800,000

Assets Amount Depreciation Net Value


Computers $350,000 $225,000 $125,000
Furniture and Fixtures $150,000 $50,000 $100,000
Other office Equipment $25,000 $0 $25,000
Total $525,000 $275,000 $250,000

Asset Turnover Ratio is calculated using the Formula


Asset Turnover Ratio = Net Sales/ (Fixed Assets - Accumulated Depreciation)

Asset Turnover Ratio  $3.2

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