What is the Depreciation Calculator?
Depreciation spreads the cost of an asset – a vehicle, machine, computer or building – over its useful life. Choose the method, enter the cost, salvage (scrap) value and useful life to get the yearly depreciation and book value schedule for your accounts.
How to use the Depreciation Calculator
- Enter asset cost, salvage value and useful life.
- Choose a method (and rate for declining balance).
- Review the schedule.
Methods
- Straight-line: same amount every year.
- Declining balance: fixed % of the remaining book value – higher early on.
- Sum-of-years’ digits: accelerated, based on remaining life.
This Depreciation Calculator is 100% free, needs no signup and runs privately in your browser – on phone, tablet or computer.
Last updated: · By NodifyTech