On average, cost of basic single coat of paint application on walls and ceiling in one 150 ft 2 bedroom vary from $125 to $165 excluding paint expenses and actual prices will be determined by a number of factors.
Subtract the salvage value, if any, to find the depreciable value. 3. Divide the depreciable value by the asset's life, or term of years that the asset will be kept and useful. 1  The result is the amount of annual depreciation for that asset. 2  It will be accrued each year over the life of the asset.
The balance in the account Accumulated Depreciation will be reduced when an asset that has been depreciated is removed. When an asset is sold, the depreciation expense is first recorded up to the date of the sale. Then the asset and its accumulated depreciation is removed and the proceeds are recorded. Here's an example.