City of Stirling Buildings Asset Managment Plan 2018 - 2028

First page Previous page 61 Next page Last page

Depreciation expense values are forecast in line with real asset values as shown in Figure 7.3.2.

$14,000

$13,500

$13,000

$12,500

$12,000

$11,500

$11,000

Annual depreciation (thousands)

$10,500

2019

2021

2024

2031

2027

2037

2028

2020

2026

2023

2029

2022

2032

2033

2035

2038

2034

2036

2030

2025

Year

Figure 7.3.2 Projected building depreciation expense

The depreciated replacement cost of contributed and new assets is shown in the darker colour and in the lighter colour for existing assets.

The depreciated replacement cost will vary over the forecast period depending on the rates of addition of new assets, the disposal of old assets and the consumption and renewal of existing assets. Forecast of the assets’ depreciated replacement cost is shown in Figure 7.3.3.

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

Depreciated replacement cost (thousands)