Financial Accounting for Local and State School Systems: 2009 Edition
NCES 2009-325
June 2009


Exhibit 4.  Accumulated depreciation method
   
Original cost minus salvage value $45,000 $5,000 = $40,000
Accumulated depreciation at the end of year 6 $30,000
Net Book value calculation $40,000 $30,000 = $10,000