Depreciation Calculator
The following calculator is for depreciation calculation in accounting. It takes the straight-line, declining-balance, or sum-of-the-year's digits method. If you are using the double-declining balance method, just select declining balance and set the depreciation factor to be 2. It can also calculate partial-year depreciation with any accounting year date setting.
Modify the values and click the calculate button to use
Depreciation Calculator – Calculate Asset Value Reduction Over Time
The Depreciation Calculator helps businesses and individuals determine the reduction in value of an asset over time using standard accounting methods. This tool is essential for financial planning, tax deductions, and accurate bookkeeping.
Key Features:
✅ Multiple Depreciation Methods:
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Straight-Line: Equal depreciation expense each year.
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Declining Balance: Accelerated depreciation (double-declining option available).
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Sum-of-the-Year’s Digits: Front-loaded depreciation based on remaining useful life.
✅ Customizable Inputs:
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Asset Cost: Initial purchase price of the asset.
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Salvage Value: Estimated resale value at the end of its useful life.
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Depreciation Years: Total lifespan of the asset.
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Rounding Options: Choose between exact amounts or rounded dollar values.
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Partial-Year Depreciation: Adjust for assets purchased mid-year.
✅ Detailed Results:
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Annual depreciation amount
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Beginning and ending book values
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Accumulated depreciation over time
Why Use This Calculator?
✔ Tax & Financial Reporting: Comply with accounting standards (GAAP, IFRS).
✔ Budget Planning: Forecast asset value reduction for better financial decisions.
✔ Easy & Accurate: Automate complex depreciation calculations in seconds.