Fixed assets
Each asset, its cost, and straight-line depreciation. Disposal brings depreciation current, removes the carrying amount, and records the cash and the gain or loss.
Register, net
$39,270.00
Through Aug 31, 2026
On the books
$41,200.00
Fixed-asset accounts at Sep 28, 2026
Not yet journaled
$1,930.00
Books are higher while depreciation is unposted.
Straight-line, a full month at a time, through the last completed month. Depreciation of $1,930.00 is calculated and not yet in the journal.
| Asset | In service | Cost | Depreciation | Net | Unposted |
|---|---|---|---|---|---|
FA-1001 Classroom furniture — Broad Street Operating · 10 years | Jul 1, 2019 | $18,000.00 | $12,900.00 | $5,100.00 | $300.00 |
FA-1002 Kitchen equipment — Food Access Operating · 10 years | Jul 1, 2022 | $24,000.00 | $10,000.00 | $14,000.00 | $400.00 |
FA-1003 Staff laptops Operating · 4 years | Jul 1, 2024 | $12,000.00 | $6,500.00 | $5,500.00 | $500.00 |
FA-1004 Office furniture Operating · 10 years | Jul 1, 2020 | $12,000.00 | $7,400.00 | $4,600.00 | $200.00 |
FA-1005 Used minivan — client transport Operating · 8 years, 4 months | Jul 1, 2021 | $26,500.00 | $16,430.00 | $10,070.00 | $530.00 |
| In service | $92,500.00 | $53,230.00 | $39,270.00 | $1,930.00 |
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