Forklift Disposed

Tag MCH-003 · Machinery · Acquired May 15, 2020 · Straight line

$8,458.80 net book value at disposal
Cost $24,500.00 · Accumulated depreciation $16,041.20 · Salvage $2,500.00 · 70 months in service · Useful life 96 months

Disposal

Disposal dateMar 20, 2026
Book value at disposal$8,458.80
Proceeds$9,000.00
Gain on disposal (proceeds − book value) +$541.20

Depreciation schedule (71 periods)

PeriodMonthDepreciationAccumulatedBook value
1 2020-06 $229.16 $229.16 $24,270.84
2 2020-07 $229.16 $458.32 $24,041.68
3 2020-08 $229.16 $687.48 $23,812.52
69 2026-02 $229.16 $15,812.04 $8,687.96
70 2026-03 $229.16 $16,041.20 $8,458.80
71 2026-03 · disposed $0.00 $16,041.20 $8,458.80

See the full period-by-period schedule →

Note

Sold to a dealer; ran well.

Figures are computed to the exact cent from the details you entered. Assetora is a record-keeping register, not tax or accounting advice — confirm depreciation methods and rates with your accountant.

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