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.
When the specified ledger uses a mid-year convention for the asset's depreciation and the asset is not fully depreciated at the time of disposal, the depreciation program cannot calculate the final depreciation amount because cost and accumulated depreciation amounts are both zero as a result of the disposal program.