Depreciation Calculator
Calculate asset depreciation using the straight-line method for tax and accounting purposes.
Depreciation Schedule
| Year | Depreciation | Ending Book Value |
|---|---|---|
| Year 1 | $1,800 | $8,200 |
| Year 2 | $1,800 | $6,400 |
| Year 3 | $1,800 | $4,600 |
| Year 4 | $1,800 | $2,800 |
| Year 5 | $1,800 | $1,000 |
This calculation assumes the asset is placed in service at the beginning of the year. For partial years, the first year depreciation should be prorated.
Σ The Formula
Real World Examples
# About This Calculator
Asset Depreciation is the process of allocating the cost of a tangible asset over its useful life. It represents how much of an asset's value has been used up.
The Straight-Line Method is the simplest and most commonly used depreciation method. it assumes that the asset will lose an equal amount of value every year until it reaches its salvage value.
How To Use
- Enter the **Initial Cost** of the asset.
- Enter the **Salvage Value** (estimated value at the end of its life).
- Enter the **Useful Life** in years.
- The tool calculates the **Annual Depreciation** and provides a year-by-year schedule.
Frequently Asked Questions
What is Salvage Value?+
Why use Straight-Line depreciation?+
Is Depreciation Calculator free to use?+
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About
Asset Depreciation is the process of allocating the cost of a tangible asset over its useful life. It represents how much of an asset's value has been used up.
The Straight-Line Method is the simplest and most commonly used depreciation method. it assumes that the asset will lose an equal amount of value every year until it reaches its salvage value.