Longevity expenses are amortized within the relevant asset's duration starting from the year in which they are activated.
For example, if you relate a longevity expense of 1000 TRY in 2013 to an asset having a 5-year economic life and purchased in 2012, the main asset's life expires in 2015; however, depreciation is calculated until 2017 due to longevity expense.
Expenses Prolonging Economic Life of the Asset
(Normal Depreciation Method)
Purchase Year |
Purchase Value |
Depreciation Rate |
Depreciation |
Accumulated Depreciation |
Net Book Value |
2011 |
30.000,00 |
20 |
6.000,00 |
6.000,00 |
24.000,00 |
2012 |
30.000,00 |
20 |
6.000,00 |
12.000,00 |
18.000,00 |
2013 |
30.000,00 |
20 |
6.000,00 |
18.000,00 |
12.000,00 |
|
1.000,00 |
20 |
200,00 |
200,00 |
800,00 |
2014 |
30.000,00 |
20 |
6.000,00 |
24.000,00 |
6.000,00 |
|
1.000,00 |
20 |
200,00 |
400,00 |
600,00 |
2015 |
30.000,00 |
20 |
6.000,00 |
30.000,00 |
|
|
1.000,00 |
20 |
200,00 |
600,00 |
400,00 |
2016 |
30.000,00 |
20 |
|
30.000,00 |
|
|
1.000,00 |
20 |
200,00 |
800,00 |
200,00 |
2017 |
30.000,00 |
20 |
|
30.000,00 |
|
|
1.000,00 |
20 |
200,00 |
1.000,00 |
|