If you have excel, there are various schedules prepared for you. Assets life spans vary, property is normally 30 years, vehicles range 3-5, heavy equipment brand new is probably 7.... it depends on your specific assets and how old they are, their value, etc. Some schedules give you an outline to go by... I believe the Capital Assset Depreciation on MicroSoft excel's site comes with some examples. GOOD LUCK!!!
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
buliding
the expired cost of fixed plant assets such as land, building, equipment, furniture and fixtures and automobile etc.., after a year is known as depreciation. it means that if you depreciate the value of any fixed assets you will be able to estimate its life for the future use..it can help you to estimate the total revenue earned by using that assets.
Building is an asset for business and depreciation is only charged to assets of business so in this way depreciation is charged to building as well.
In the US, the answer depends on what depreciable assets you are talking about.Depreciation on any depreciable asset that is directlyused in the production of goods is part of Manufacturing Overhead, and therefore is a product cost, which is included in the calculation of the value of both inventory and cost of goods sold. So, depreciation on a factory building and factory equipment directly used to manufacture a product are both product costs.Conversely, depreciation on equipment that is NOTdirectly used in production (e.g., depreciation on office computer equipment) is NOT a product cost.
Property depreciation only done on building land is in nature of application
California Automobile Association Building was created in 1974.
Clemens Automobile Company Building was created in 1916.
Seven years
The depreciation that has occurred as a result of physical, functional or economic affects and have caused a loss in the value of a building.
Building an Automobile - 1912 was released on: USA: 21 December 1912
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets