WT 15-3 P.

454
Idaho Adventures

General Journal
For the month ended 31st December 2018 PAGE 15
1 2

DOC. POST. GENERAL

DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT
2018
1 Adjusting Entries 1

14 Dec 31 Depreciation Expense - Office Equipment 4,890.00 14

15 Accumulated Depreciation - Office Equipment 4,890.00 15
16 31 Depreciation Expense - Store Equipment 6,950.00 16
17 Accumulated Depreciation - Store Equipment 6,950.00 17
18 18
19 19
Plant Asset: display case Original Cost: 4040.00

Depreciation method: Stright line Estimated Residual Value: 200.00

Estimated Useful Life: 8
Date Brought: 4th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 4040.00 480.00 480.00 3560.00
2019 3560.00 480.00 960.00 3080.00
2020 3080.00 480.00 1440.00 2600.00
2021 2600.00 480.00 1920.00 2120.00
2022 2120.00 480.00 2400.00 1640.00
2023 1640.00 480.00 2880.00 1160.00
2024 1160.00 480.00 3360.00 680.00
2025 680.00 480.00 3840.00 200.00

Plant Asset: Work station Original Cost: 4800.00

Depreciation method: Stright line Estimated Residual Value: 0.00

Estimated Useful Life: 5
Date Brought: 20th September 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 4800.00 240.00 240.00 4560.00 960
2019 4560.00 960.00 1200.00 3600.00
2020 3600.00 960.00 2160.00 2640.00
2021 2640.00 960.00 3120.00 1680.00
2022 1680.00 960.00 4080.00 720.00
2023 720.00 720.00 4800.00 0.00
Plant Asset: Stitching machine Original Cost: 2500.00

Depreciation method: Straight-line Estimated Residual Value: 340.00

Estimated Useful Life: 6
Date Brought: 5th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 2500.00 360.00 360.00 2140.00
2019 2140.00 360.00 720.00 1780.00
2020 1780.00 360.00 1080.00 1420.00
2021 1420.00 360.00 1440.00 1060.00
2022 1060.00 360.00 1800.00 700.00
2023 700.00 360.00 2160.00 340.00

Plant Asset: Notebook Computer Original Cost: 2070.00

Depreciation method: Straight-line Estimated Residual Value: 150.00

Estimated Useful Life: 4
Date Brought: 13rd June 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 2070.00 280.00 280.00 1790.00 480
2019 1790.00 480.00 760.00 1310.00
2020 1310.00 480.00 1240.00 830.00
2021 830.00 480.00 1720.00 350.00
2022 350.00 200.00 1920.00 150.00
Plant Asset: Painting Machine Original Cost: 27000.00
Annual Depreciation Percentage 50%
Depreciation method: Double Declining-Balance Estimated Residual Value: 1000.00
Estimated Useful Life: 4
Date Brought: 4th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 27000.00 13500.00 13500.00 13500.00
2019 13500.00 6750.00 20250.00 6750.00
2020 6750.00 3375.00 23625.00 3375.00
2021 3375.00 2375.00 26000.00 1000.00

Plant Asset: Office Computer Original Cost: 2200.00

Annual Depreciation Percentage 40%
Depreciation method: Double Declining-Balance Estimated Residual Value: 200.00
Estimated Useful Life: 5
Date Brought: 6th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 2200.00 880.00 880.00 1320.00
2019 1320.00 528.00 1408.00 792.00
2020 792.00 316.80 1724.80 475.20
2021 475.20 190.08 1914.88 285.12
2022 285.12 85.12 2000.00 200.00

Plant Asset: Sander Original Cost: 800.00

Annual Depreciation Percentage 25%
Depreciation method: Double Declining-Balance Estimated Residual Value: 80.00
Estimated Useful Life: 8
Date Brought: 7th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 800.00 200.00 200.00 600.00
2019 600.00 150.00 350.00 450.00
2020 450.00 112.50 462.50 337.50
2021 337.50 84.38 546.88 253.13
2022 253.13 63.28 610.16 189.84
2023 189.84 47.46 657.62 142.38
2024 142.38 35.60 693.21 106.79
2025 106.79 26.79 720.00 80.00
Plant Asset: Skate Rack Original Cost: 3000.00
Annual Depreciation Percentage 40%
Depreciation method: Double Declining-Balance Estimated Residual Value: 200.00
Estimated Useful Life: 5
Date Brought: 2nd January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 3000.00 1200.00 1200.00 1800.00
2019 1800.00 720.00 1920.00 1080.00
2020 1080.00 432.00 2352.00 648.00
2021 648.00 259.20 2611.20 388.80
2022 388.80 188.80 2800.00 200.00

Plant Asset: Delivery Truck Original Cost: 75000.00

Annual Depreciation Percentage 25%
Depreciation method: Double Declining-Balance Estimated Residual Value: 8000.00
Estimated Useful Life: 8
Date Brought: 4th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 75000.00 18750.00 18750.00 56250.00
2019 56250.00 14062.50 32812.50 42187.50
2020 42187.50 10546.88 43359.38 31640.63
2021 31640.63 7910.16 51269.53 23730.47
2022 23730.47 5932.62 57202.15 17797.85
2023 17797.85 4449.46 61651.61 13348.39
2024 13348.39 3337.10 64988.71 10011.29
2025 10011.29 2011.29 67000.00 8000.00

Plant Asset: Office Shredder Original Cost: 600.00

Annual Depreciation Percentage 50%
Depreciation method: Double Declining-Balance Estimated Residual Value: 50.00
Estimated Useful Life: 4
Date Brought: 6th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 600.00 300.00 300.00 300.00
2019 300.00 150.00 450.00 150.00
2020 150.00 75.00 525.00 75.00
2021 75.00 25.00 550.00 50.00
Plant Asset: Trademark Original Cost: 35000.00
Estimated Residual Value: 0.00
Depreciation method: Straight-Line Estimated Useful Life: 8
Estimated Legal Life: 10
Date Brought: 4th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 35000.00 4375.00 4375.00 30625.00
2019 30625.00 4375.00 8750.00 26250.00
2020 26250.00 4375.00 13125.00 21875.00
2021 21875.00 4375.00 17500.00 17500.00
2022 17500.00 4375.00 21875.00 13125.00
2023 13125.00 4375.00 26250.00 8750.00
2024 8750.00 4375.00 30625.00 4375.00
2025 4375.00 4375.00 35000.00 0.00

Plant Asset: Patent Original Cost: 98000.00

Estimated Residual Value: 0.00
Depreciation method: Straight-Line Estimated Useful Life: 9
Estimated Legal Life: 7
Date Brought: 6th January 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 98000.00 14000.00 14000.00 84000.00
2019 84000.00 14000.00 28000.00 70000.00
2020 70000.00 14000.00 42000.00 56000.00
2021 56000.00 14000.00 56000.00 42000.00
2022 42000.00 14000.00 70000.00 28000.00
2023 28000.00 14000.00 84000.00 14000.00
2024 14000.00 14000.00 98000.00 0.00
Plant Asset Record No. 123 Original Cost: THB 40,900.00 https://www.apple.com/th/shop/buy-mac/imac/รุ่น-21.5-นิว&
Description: iMac 21.5-inch LED-backlit 1TB Annual Depreciation Percentage: 40%
Depreciation method: Accelerated Depreciation Estimated Residual Value: THB 3,180.38
Estimated Useful Life: 5
Date Brought: 2 March 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 THB 40,900.00 THB 13,633.33 THB 13,633.33 THB 27,266.67
2019 THB 27,266.67 THB 10,906.67 THB 24,540.00 THB 16,360.00
2020 THB 16,360.00 THB 6,544.00 THB 31,084.00 THB 9,816.00
2021 THB 9,816.00 THB 3,926.40 THB 35,010.40 THB 5,889.60
2022 THB 5,889.60 THB 2,355.84 THB 37,366.24 THB 3,533.76
2023 THB 3,533.76 THB 353.38 THB 37,719.62 THB 3,180.38 THB 3,180.38
This is a formula that I used to estimat residual value of iMac after five years of useful life
10%
This is a depreciation percentage of the last year(2023)
that I use it to find the ending book value of the last year.
(multiply the percentage with the beginning book value
to exactly get an estimated residual value)
Plant Asset Record No. 260 Original Cost: THB 35,000.00
Description: Iphone 6s plus 64GB
Depreciation method: Straight-Line Estimated Residual Value: THB 11,141.80
Estimated Useful Life: 3
Date Brought: 1 December 2016

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2016 THB 35,000.00 THB 662.73 THB 662.73 THB 34,337.27
2017 THB 34,337.27 THB 7,952.73 THB 8,615.46 THB 26,384.54
2018 THB 26,384.54 THB 7,952.73 THB 16,568.19 THB 18,431.81
2019 THB 18,431.81 THB 7,290.01 THB 23,858.20 THB 11,141.80

32.77 THB = 1 USD

My iPhone resale price is between 340 and 350 USD.
In this case, I chose 340 USD as my retail price because
my phone have a sign of damage; scratch around
the speaker.

Reference:
Symons, M. (2018, September 11). What's my used iPhone worth. Retrieved from https://www.imore.com/whats-my-used-iphone-worth#6splus
Plant Asset Record No. 248 Original Cost: THB 1,090,000.00 https://khaorot.com/car-price/ราคาและตารางผ่อน-honda-civic-2018-รถหรูสไตล์สปอร์ตระดับ พรีเมี?ย
Description: Honda Civic 2018 (1.5 Turbo) Annual Depreciation Percentage: 10%
Depreciation method: Accelerated Depreciation Estimated Residual Value: THB 592,984.11 41.61 THB = 1 GBP
Estimated Useful Life: 5
Date Brought: 1 December 2018

Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value
2018 THB 1,090,000.00 THB 119,900.00 THB 119,900.00 THB 970,100.00
2019 THB 970,100.00 THB 97,786.08 THB 217,686.08 THB 872,313.92
2020 THB 872,313.92 THB 87,929.24 THB 305,615.32 THB 784,384.68 After a new car was drive off the parking lots of Honda,
2021 THB 784,384.68 THB 79,065.98 THB 384,681.30 THB 705,318.70 the car already depreciate 11 percent of the orginal cost.
2022 THB 705,318.70 THB 71,096.13 THB 455,777.42 THB 634,222.58 7%
2023 THB 634,222.58 THB 41,238.47 THB 497,015.89 THB 592,984.11 This is a depreciation percentage of the last year(2023).
I use the formaula to find the ending book value of the last year.
(multiply the percentage with the beginning book value
of 2023 to exactly get an estimated residual value)

From the source I found, the total depreciation percentage of 5 years is 50.4.
So I divide 50.4 with 5 to get a depreciation percentage in each year.

Reference: TheMoneyCalculator. (2018). Honda Civic Depreciation Calculator.

Retrieved from https://www.themoneycalculator.com/vehicle-finance/calculators/
car-depreciation-by-make-and-model/HONDA/CIVIC/
18-รถหรูสไตล์สปอร์ตระดับ พรีเมี?ยมที?มาพร ้อมกับ ราคา-honda-civic-hatchback-และ-sedan-947