the residual value can be calculated by 3-5%.

elevators belong to the category of machinery and equipment in fixed assets. The depreciation period is 11 years, the annual depreciation rate is 11%, and the residual value can be controlled by 3-5%. According to the depreciation period, depreciation rate and residual value deduction, the annual depreciation amount and monthly depreciation amount are calculated, and depreciation is accrued monthly. Debit the depreciation expense of management expenses and credit the accumulated depreciation.