The first full manifestation of modern nationalism occurred in 17th-century England, in the Puritan revolution. England had become the leading nation in scientific spirit, in commercial enterprise, in political thought and activity.
Step 1. Determine the original cost of the asset and its useful life. The original cost of the asset is the price you paid for it and the useful life of the asset is the number of years that it will be able to create value for you or the organization. Step 2. Calculate depreciation using the straight line method.This is the easiest, and therefore most common, depreciation methodology.he original cost of the asset is the price you paid for it and the useful life of the asset is the number of years that it will be able to create value for you or the organization. Step 2. Calculate depreciation using the straight line method. This is the easiest, and therefore most common, depreciation methodology.
Step 3: Multiply the asset's book value by the double depreciation % to get the current year depreciation. In the first year, the book value is the same as its cost. asset book value * double depreciation % = current year depreciation. Step 4: Subtract the current year depreciation from the book value of the asset. The result will be used as the new book value used to calculate depreciation for the next year. book value of asset - current year depreciation. Example: ABC Company bought a tractor with a 3 year useful life and a $2,000 residual value for $30,000. Step 1: 100 / 3 = 33.33% annual depreciation.