The diesel generator depreciation rate is 9.6% per year. The generator set is a fixed asset machinery and equipment, with a depreciation period of ten years, a salvage value of 4%, an annual depreciation rate of 9.6%, and a monthly depreciation rate of 0.8%.
Generator sets, after manufacture and installation, are not depreciated in the month of delivery and use, and depreciation will be accrued in the second month and accrued monthly. The accounting entries are debited from basic production and debited from accumulated depreciation.
Diesel Generator Definition
A generator is a mechanical device that converts other forms of energy into electricity. A diesel generator is the combination of a diesel engine and a generator, usually an alternator, to generate electrical power. Diesel compression ignition engines are usually designed to run on fuel oil, but there are some types for other liquid fuels or natural gas.
A diesel generator is a small power generation equipment, which refers to a power machine that uses diesel oil as fuel and a diesel engine as a prime mover to drive a generator to generate electricity. The whole unit is generally composed of a diesel engine, generator, control box, fuel tank, storage battery for starting and control, protection device, emergency cabinet and other components.
It can be used for daily power generation and emergency power generation in various households, offices, and large, medium, and small enterprises.