Depreciation Calculator

Calculate asset depreciation using Straight Line and Declining Balance methods.

How to Calculate Asset Depreciation

Asset depreciation is calculated by spreading the cost of an asset over its useful life. Enter the asset cost, salvage value, useful life, and select a depreciation method to see the annual schedule.

  1. 1
    Enter Asset Details
    Provide the asset's cost, salvage value, and useful life.
  2. 2
    Choose Depreciation Method
    Select Straight Line or Declining Balance method.
  3. 3
    View Schedule & Results
    See annual depreciation, accumulated value, and export options.

Straight Line vs Declining Balance Methods Explained

The Straight Line method spreads depreciation evenly, while Declining Balance accelerates it. Use cases: vehicles, equipment, business assets.

  1. 1
    Straight Line
    Equal depreciation each year. Formula: (Cost - Salvage) / Life
  2. 2
    Declining Balance
    Accelerated depreciation. Formula: Book Value × Rate
  3. 3
    Use Cases
    Business assets, vehicles, equipment, tech, and more.

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