Depreciation Calculator

Asset Cost ($)

Salvage Value ($)

Useful Life (Years)

Depreciation Method

About Depreciation Calculator

Our depreciation calculator helps you calculate the depreciation of assets using three common methods: straight-line, declining balance, and sum-of-years digits. This tool is essential for accountants, business owners, and anyone needing to calculate asset depreciation for financial reporting or tax purposes.

How to Use

Enter the initial cost of the asset
Enter the salvage value (estimated value at end of useful life)
Enter the useful life of the asset in years
Select the depreciation method you want to use
If using declining balance, enter the depreciation rate
Click "Calculate Depreciation" to see results and schedule

Depreciation Methods Explained

Declining Balance

Accelerated depreciation method that applies a fixed rate to the declining book value.

Formula: Book Value × Rate

Sum-of-Years Digits

Accelerated method using a fraction based on remaining useful life over sum of years.

Formula: (Cost - Salvage) × (Remaining Life ÷ Sum of Years)

Depreciation Calculator

Depreciation Summary

Depreciation Schedule

About Depreciation Calculator

How to Use

Depreciation Methods Explained

Declining Balance

Sum-of-Years Digits

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