{"id":4181,"date":"2020-10-02T03:10:59","date_gmt":"2020-10-02T02:10:59","guid":{"rendered":"https:\/\/www.nickzom.org\/blog\/?p=4181"},"modified":"2024-04-20T18:50:46","modified_gmt":"2024-04-20T17:50:46","slug":"how-to-calculate-and-solve-for-annual-depreciation-irrigation-water-requirement","status":"publish","type":"post","link":"https:\/\/www.nickzom.org\/blog\/2020\/10\/02\/how-to-calculate-and-solve-for-annual-depreciation-irrigation-water-requirement\/","title":{"rendered":"How to Calculate and Solve for Annual Depreciation | Irrigation Water Requirement"},"content":{"rendered":"

\"\"<\/p>\n

The image above represents annual depreciation. To calculate annual depreciation, four essential parameters are needed and these parameters are Original Cost (Co<\/sub>), Remaining Years of the Asset Useful Life beginning from the Last Year of its Life (R1<\/sub>), Salvage Value or Scrap Value (SV)\u00a0<\/strong>and\u00a0Sum of the Years Digit (So<\/sub>VD).<\/strong><\/p>\n

The formula for calculating annual depreciation:<\/strong><\/h3>\n

AD =\u00a0R1<\/sub>(Co<\/sub>\u00a0– SV)<\/sup>\u00a0\/\u00a0SoVD<\/sub><\/p>\n

Where:<\/p>\n

AD = Annual Depreciation
\nCo<\/sub>\u00a0= Original Cost
\nR1<\/sub>\u00a0= Remaining Years of the Asset Useful Life beginning from the Last Year of its Life
\nSV = Salvage Value or Scrap Value
\nSo<\/sub>VD = Sum of the Years Digit<\/p>\n

Let’s solve an example;
\nFind the annual depreciation when the original cost is 28, the remaining years of the asset useful life beginning from the last year of its life is 18, the salvage value or scrap value is 14 and the sum of the years digit is 22.<\/p>\n

This implies that;<\/p>\n

Co<\/sub> = Original Cost = 28
\nR1<\/sub> = Remaining Years of the Asset Useful Life beginning from the Last Year of its Life = 18
\nSV = Salvage Value or Scrap Value = 14
\nSo<\/sub>VD = Sum of the Years Digit = 22<\/p>\n

AD =\u00a0R1<\/sub>(Co<\/sub>\u00a0– SV)<\/sup>\u00a0\/\u00a0SoVD<\/sub>
\nAD =\u00a018(28 – 14)<\/sup>\u00a0\/\u00a022<\/sub>
\nThat is, AD = 18(14)<\/sup>\u00a0\/\u00a022<\/sub>
\nAD =\u00a0252<\/sup>\u00a0\/\u00a022<\/sub>
\nAD = 11.45<\/p>\n

Therefore, the\u00a0annual depreciation\u00a0<\/strong>is\u00a011.45.<\/strong><\/p>\n

Calculating the Original Cost when the Annual Depreciation, the Remaining Years of the Asset Useful Life Beginning from the Last Year of its Life, the Salvage Value or Scrap Value and the Sum of the Years Digit are Given<\/strong><\/h3>\n

Co<\/sub> = (AD x So<\/sub>VD<\/sup> \/ R1<\/sub><\/sub>) + SV<\/p>\n

Where;<\/p>\n

Co<\/sub>\u00a0= Original Cost
\nAD = Annual Depreciation
\nR1<\/sub>\u00a0= Remaining Years of the Asset Useful Life beginning from the Last Year of its Life
\nSV = Salvage Value or Scrap Value
\nSo<\/sub>VD = Sum of the Years Digit<\/p>\n

Let’s solve an example;
\nFind the original cost when the annual depreciation is 10, the remaining years of the asset useful life beginning from the last year of its life is 4, the salvage value or scrap value is 8 and the sum of the years digit is 2.<\/p>\n

This implies that;<\/p>\n

AD = Annual Depreciation = 10
\nR1<\/sub> = Remaining Years of the Asset Useful Life beginning from the Last Year of its Life = 4
\nSV = Salvage Value or Scrap Value = 8
\nSo<\/sub>VD = Sum of the Years Digit = 2<\/p>\n

Co<\/sub> = (AD x So<\/sub>VD<\/sup> \/ R1<\/sub><\/sub>) + SV
\nCo<\/sub> = (10 x 2<\/sup> \/ 4<\/sub>) + 8
\nSo, Co<\/sub> = (20<\/sup> \/ 4<\/sub>) + 8
\nCo<\/sub> = 5 + 8
\nCo<\/sub> = 13<\/p>\n

Therefore, the\u00a0original cost\u00a0<\/strong>is\u00a013.<\/strong><\/p>\n

Read more:\u00a0How to Calculate and Solve for Piston Displacement | Irrigation Water Requirement<\/a><\/p>\n

Calculating the Remaining Years of the Asset Useful Life Beginning from the Last Year of its Life when the Annual Depreciation, the Original Cost, the Salvage Value or Scrap Value and the Sum of the Years Digit are Given<\/strong><\/h3>\n

R1<\/sub> = AD x So<\/sub>VD<\/sup> \/ (Co<\/sub> – SV)<\/sub><\/p>\n

Where;<\/p>\n

R1<\/sub>\u00a0= Remaining Years of the Asset Useful Life beginning from the Last Year of its Life
\nAD = Annual Depreciation
\nCo<\/sub>\u00a0= Original Cost
\nSV = Salvage Value or Scrap Value
\nSo<\/sub>VD = Sum of the Years Digit<\/p>\n

Let’s solve an example;
\nFind the remaining years of the asset useful life beginning from the last year of its life when the annual depreciation is 15, the original cost is 10, the salvage value or scrap value is 6 and the sum of the years digit is 3.<\/p>\n

This implies that;<\/p>\n

AD = Annual Depreciation = 15
\nCo<\/sub> = Original Cost = 10
\nSV = Salvage Value or Scrap Value = 6
\nSo<\/sub>VD = Sum of the Years Digit = 3<\/p>\n

R1<\/sub> = AD x So<\/sub>VD<\/sup> \/ (Co<\/sub> – SV)<\/sub>
\nSo, R1<\/sub> = 15 x 3<\/sup> \/ (10 – 6)<\/sub>
\nR1<\/sub> = 45<\/sup> \/ 4<\/sub>
\nR1<\/sub> = 11.25<\/p>\n

Therefore, the\u00a0remaining years of the asset useful life beginning from the last year of its life\u00a0<\/strong>is\u00a011.25.<\/strong><\/p>\n

Read more:\u00a0How to Calculate and Solve for Depreciation Value | Declining Balance Method | Depreciation<\/a><\/p>\n

Calculating the Salvage Value or Scrap Value when the Annual Depreciation, the Remaining Years of the Asset Useful Life Beginning from the Last Year of its Life, the Original Cost and the Sum of the Years Digit are Given<\/strong><\/h4>\n

SV = Co<\/sub> – (AD x So<\/sub>VD<\/sup> \/ R1<\/sub><\/sub>)<\/p>\n

Where;<\/p>\n

SV = Salvage Value or Scrap Value
\nAD = Annual Depreciation
\nCo<\/sub>\u00a0= Original Cost
\nR1<\/sub>\u00a0= Remaining Years of the Asset Useful Life beginning from the Last Year of its Life
\nSo<\/sub>VD = Sum of the Years Digit<\/p>\n

Let’s solve an example;
\nFind the salvage value or scrap value when the annual depreciation is 21, the original cost is 14, the remaining years of the asset useful life beginning from the last year of its life is 18 and the sum of the years digit is 9.<\/p>\n

This implies that;<\/p>\n

AD = Annual Depreciation = 21
\nCo<\/sub> = Original Cost = 14
\nR1<\/sub> = Remaining Years of the Asset Useful Life beginning from the Last Year of its Life = 18
\nSo<\/sub>VD = Sum of the Years Digit = 9<\/p>\n

SV = Co<\/sub> – (AD x So<\/sub>VD<\/sup> \/ R1<\/sub><\/sub>)
\nSV = 14 – (21 x 9<\/sup> \/ 18<\/sub>)
\nThen, SV = 14 – (189<\/sup> \/ 18<\/sub>)
\nSV = 14 – 10.25
\nSV = 3.75<\/p>\n

Therefore, the\u00a0salvage value or scrap value\u00a0<\/strong>is\u00a03.75.<\/strong><\/p>\n

Read more:\u00a0How to Calculate and Solve for Total Load on Flexible Pipe | Irrigation Water Requirement<\/a><\/p>\n

Calculating the Sum of the Years Digit when the Annual Depreciation, the Remaining Years of the Asset Useful Life Beginning from the Last Year of its Life, the Salvage Value or Scrap Value and the Original Cost are Given<\/strong><\/h3>\n

So<\/sub>VD = R1<\/sub> (Co<\/sub> – SV)<\/sup> \/ AD<\/sub><\/p>\n

Where;<\/p>\n

So<\/sub>VD = Sum of the Years Digit
\nAD = Annual Depreciation
\nCo<\/sub>\u00a0= Original Cost
\nR1<\/sub>\u00a0= Remaining Years of the Asset Useful Life beginning from the Last Year of its Life
\nSV = Salvage Value or Scrap Value<\/p>\n

Let’s solve an example;
\nFind the sum of the years digit when the annual depreciation is 24, the original cost is 12, the remaining years of the asset useful life beginning from the last year of its life is 10 and the salvage value or scrap value is 7.<\/p>\n

This implies that;<\/p>\n

AD = Annual Depreciation = 24
\nCo<\/sub> = Original Cost = 12
\nR1<\/sub> = Remaining Years of the Asset Useful Life beginning from the Last Year of its Life = 10
\nSV = Salvage Value or Scrap Value = 7<\/p>\n

So<\/sub>VD = R1<\/sub> (Co<\/sub> – SV)<\/sup> \/ AD<\/sub>
\nSo<\/sub>VD = 10 (12 – 7)<\/sup> \/ 24<\/sub>
\nThat is, So<\/sub>VD = 10 (5)<\/sup> \/ 24<\/sub>
\nSo<\/sub>VD = 50<\/sup> \/ 24<\/sub>
\nSo<\/sub>VD = 2.083<\/p>\n

Therefore, the\u00a0sum of the years digit\u00a0<\/strong>is\u00a02.083.<\/strong><\/p>\n

How to Calculate Annual Depreciation Using Nickzom Calculator<\/strong><\/h3>\n

Nickzom Calculator \u2013\u00a0The Calculator Encyclopedia<\/strong> is capable of calculating the annual depreciation.<\/p>\n

To get the answer and workings of the annual depreciation using the Nickzom Calculator \u2013 The Calculator Encyclopedia.\u00a0<\/strong>First, you need to obtain the app.<\/p>\n

You can get this app via any of these means:<\/p>\n

Web<\/strong>\u00a0\u2013\u00a0https:\/\/www.nickzom.org\/calculator-plus<\/a><\/p>\n

To get access to the\u00a0professional\u00a0<\/strong>version via web, you need to\u00a0register<\/strong>\u00a0and\u00a0subscribe\u00a0<\/strong>for\u00a0NGN 2,000\u00a0<\/strong>per\u00a0annum<\/strong>\u00a0to have utter access to all functionalities.
\nYou can also try the\u00a0demo\u00a0<\/strong>version via\u00a0https:\/\/www.nickzom.org\/calculator<\/a><\/p>\n

Android (Paid)<\/strong>\u00a0\u2013\u00a0https:\/\/play.google.com\/store\/apps\/details?id=org.nickzom.nickzomcalculator<\/a>
\nAndroid (Free)<\/strong>\u00a0\u2013\u00a0https:\/\/play.google.com\/store\/apps\/details?id=com.nickzom.nickzomcalculator<\/a>
\nApple (Paid)<\/strong>\u00a0\u2013\u00a0https:\/\/itunes.apple.com\/us\/app\/nickzom-calculator\/id1331162702?mt=8<\/a>
\nOnce, you have obtained the calculator encyclopedia app, proceed to the\u00a0Calculator Map,\u00a0<\/strong>then click on\u00a0Agricultural<\/strong>\u00a0<\/b>under\u00a0Engineering<\/strong>.<\/strong><\/p>\n

\"\"<\/p>\n

Now, Click on\u00a0Irrigation Water Requirement\u00a0<\/strong>under\u00a0Agricultural<\/strong><\/p>\n

\"\"<\/p>\n

Now, Click on Annual Depreciation<\/strong>\u00a0<\/strong>under\u00a0Irrigation Water Requirement<\/strong><\/p>\n

\"\"<\/p>\n

The screenshot below displays the page or activity to enter your values, to get the answer for the annual depreciation according to the respective parameters which is the Original Cost (Co<\/sub>), Remaining Years of the Asset Useful Life beginning from the Last Year of its Life (R1<\/sub>), Salvage Value or Scrap Value (SV)\u00a0<\/strong>and\u00a0Sum of the Years Digit (So<\/sub>VD).<\/strong><\/p>\n

\"How<\/p>\n

Now, enter the values appropriately and accordingly for the parameters as required by the Original Cost (Co<\/sub>)<\/strong> is 28<\/strong>, Remaining Years of the Asset Useful Life beginning from the Last Year of its Life (R1<\/sub>)<\/strong> is 18<\/strong>, Salvage Value or Scrap Value (SV) <\/strong>is 14 <\/strong>and\u00a0Sum of the Years Digit (So<\/sub>VD)<\/strong> is 22<\/strong>.<\/p>\n

\"\"<\/p>\n

Finally, Click on Calculate<\/p>\n

\"How
\n\"How<\/p>\n

As you can see from the screenshot above,\u00a0Nickzom Calculator<\/strong>\u2013 The Calculator Encyclopedia solves for the annual depreciation and presents the formula, workings and steps too.<\/p>\n","protected":false},"excerpt":{"rendered":"The image above represents annual depreciation. To calculate annual depreciation, four essential parameters are needed and these parameters…","protected":false},"author":5,"featured_media":14124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_lmt_disableupdate":"","_lmt_disable":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_yoast_wpseo_focuskw_text_input":"","csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[47],"tags":[828,1223,60,1207,1219,1220,1221,1222],"class_list":["post-4181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-engineering","tag-agricultural","tag-annual-depreciation","tag-engineering","tag-irrigation-water-requirement","tag-original-cost","tag-remaining-years-of-the-asset-useful-life-beginning-from-the-last-year-of-its-life","tag-salvage-value-or-scrap-value","tag-sum-of-the-years-digit","cs-entry"],"yoast_head":"\nHow 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