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For more information on how to use the system, click here ↓↓↓
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https://ari-mama.com/eng/furniture-template
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1. residual value
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Indicates how much value remains after the end of its useful life.
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Generally, the value of an asset is not reduced to zero and some amount of value remains.
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For example, “A refrigerator with a useful life of 10 years might be worth about $10,000 after 10 years?” This is how we set the value of the asset.
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Calculation method (example):
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Purchase price × residual (usually 5-10%)
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Example: $1,000 refrigerator, residual rate of 10% → residual value is 100$
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2. current estimated value
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Calculate how much it is currently worth.
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Generally, it is calculated by “the purchase price minus the value of the number of years it has been used.
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This is similar to the selling price (resale value) in the used market.
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Calculation method (example):
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Purchase price - (years of use x annual depreciation)
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Example: Refrigerator of $1,000 (useful life is 10 years), used for 5 years
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Annual depreciation = $1,000÷ 10 years = $100
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Estimated value after 5 years of use = - ($1,000 x 5 years) = $5,000
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However, this is only a rough estimate, as it varies depending on the price and demand in the used market.
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Service life of home appliances
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Home appliances Useful life (approximate)
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Refrigerator 8-12 years
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Washing machine 7-10 years
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Air conditioners 10-15 years
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Televisions 5 to 10 years
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Microwave oven 7-10 years
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Vacuum cleaners 6-8 years
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Rice cooker 5-7 years
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Electric kettle5-7 years
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Dishwasher 7-10 years
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Air cleaner 7-10 years
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IH and gas stoves 8-12 years
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Hair dryer 4-6 years
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Furniture Useful Life
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Furniture Useful life (approximate)
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Sofa (fabric/synthetic leather)
5-10 years
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Sofa (genuine leather) 10-20 years
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Dining table:10 - 20 years
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Bed frame 10-15 years
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Mattresses 7 - 10 years
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Chairs 8-15 years
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Closets/wardrobes 15-25 years
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Bookshelves/storage cabinets
10-20 years
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Desks 10-15 years
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