Fixed Asset and Depreciation Schedule: Instructions
This worksheet is intended to assist in tracking an organization's fixed assets and annual depreciation estimates.
Note: the template assumes that all assets are depreciated on a straight-line basis. For simplicity, an asset's depreciation estimate for its first and last years in service will be
calculated at a half-year's rate regardless of how many months the asset was actually in service.
Category Instructions Cell / Column / Row
INPUTS
Current Fiscal Year Enter the current fiscal year in YYYY format (e.g. 2018). Cell E4
Enter the name of the individual asset or group of assets being depreciated (e.g. van, copier, computers).
Asset Column A
Note: use the "+" buttons in the left-hand margin of the template to open additional rows as needed.
Cost Enter the acquisition cost of the asset or group of assets. Column B
Fiscal Year Put Into Service
Enter the fiscal year in which the asset or group of assets was put into service, in YYYY format (e.g. 2017). Column C
(YYYY)
Enter the estimated useful life of the asset or group of assets in years (between 2 and 50). (For "Land," leave
Useful Life (in years) blank.) Column D
Salvage Value (if other than Enter the salvage value of the asset or group of assets (in other words, the estimated amount that can be obtained
for the asset after its useful life has ended). In most cases, salvage value is assumed to be $0, in which case this cell Column E
$0) may be left blank.
OUTPUTS
Fixed Assets, at Cost Calculates the total value (cost basis) of all fixed assets on the schedule. Cell E5
Accumulated Depreciation, as Calculates the total accumulated depreciation of all fixed assets on the schedule as of the end of the current fiscal
Cell E6
of Fiscal Year End (FYE) year (entered in cell E4).
Fixed Assets, net of Calculates the current book value of the organization's fixed assets (original cost minus accumulated depreciation)
Cell E7
depreciation, as of FYE as of the end of the current fiscal year.
Calculates annual depreciation estimates for each individual asset or group of assets in columns H and following.
Depreciation Amount by Fiscal
Additionally, the template will calculate the organization's total annual depreciation estimate on row 67, columns Columns H - AT
Year
H and following.
© Fiscal Management Associates, LLC, 2017. All rights reserved.
Fixed Asset and Depreciation Schedule
Current Fiscal Year
Fixed Assets, at cost
Accumulated Depreciation as of FYE
Fixed Assets, net of depreciation, as of FYE
Fiscal Year put
into service Useful Life
Asset Cost (yyyy) (in years)
ANNUAL TOTAL
Please Note: This document is made available by Fiscal Management Associates, LLC
does not constitute financial or professional advice. The information provided in this do
take into account your individual objectives, financial situation or needs. It should not b
for specific professional advice. FMA recommends that you obtain your own independe
decision in relation to your particular requirements or circumstances. FMA does not wa
currency of the information provided on and made available through this document. By
acknowledge and agree that any reliance upon or use of any information made availab
your own risk. FMA shall not be liable for any loss or damage, whether direct or indirec
organization arising from the use of (or reliance upon) information provided on and ma
© Fiscal Management Associates, LLC, 2017. All rights reserved.
Enter input to
eciation Schedule yellow cells
only
2020
$ -
$ -
$ -
Depreciation Amount by Fiscal Year
Salvage Value
(if other than $0) 2017 2018 2019 2020 2021 2022
ANNUAL TOTAL $ - $ - $ - $ - $ - $ -
by Fiscal Management Associates, LLC (FMA), for informational purposes only and
vice. The information provided in this document is of a general nature and does not
ancial situation or needs. It should not be used, relied upon or treated as a substitute
ends that you obtain your own independent professional advice before making any
ents or circumstances. FMA does not warrant the accuracy, completeness or
ade available through this document. By viewing or using this document, you
n or use of any information made available through this document shall be entirely at
oss or damage, whether direct or indirect, and however caused, to any person or
e upon) information provided on and made available through this document.
017. All rights reserved.
2023 2024 2025 2026 2027 2028 2029 2030
$ - $ - $ - $ - $ - $ - $ - $ -
2031 2032 2033 2034 2035 2036
$ - $ - $ - $ - $ - $ -
