Shipping - Asset Depreciation Schedule
Vessel depreciation accounting - typically 20-30 year useful life, straight-line or units-of-production, over scrap value.
Loading calculator…
Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Original cost | M USD | |
| Residual / scrap value | M USD | |
| Useful life | years |
Source: IAS 16 / IFRS 16
In short
Vessel depreciation accounting - typically 20-30 year useful life, straight-line or units-of-production, over scrap value.