Great depreciation worksheet to track and depreciate business assets that have 5- or 7-years recovery periods except automobiles.

Depreciation Worksheet PDF includes:

A summary of what to know before you depreciate a business asset

Business Asset Depreciation Sheet
Depreciation Deduction by Asset
Motivational Quotes:

“On matters of style, swim with the current, on matters of principle, stand like a rock.” Thomas Jefferson

“I am a great believer in luck, and I find the harder I work, the more I have of it.” Thomas Jefferson

“A Man’s management of his own purse speaks volumes about his character.” Thomas Jefferson

Asset depreciation example

You would still need the depreciation rate table at the end of IRS Publication 946. The link to the publication can be found in the current year IRS Forms and Instructions under Free Downloads: https://ninasoap.com/free-downloads/

This Depreciation Worksheet PDF is best fitted for 5- and 7-years assets class lives including:

5-year property – computers and their peripheral equipment (printer, scanner…); office machinery (such as calculators and copiers); any property used in research and experimentation. The depreciation worksheet is not designed for automobiles, taxis, buses, and trucks depreciation.

7-year property – office furniture and fixtures (such as desks, files, and safes), carpet, and home appliances used in rental properties.