Depreciation Calculator

Calculate depreciation using straight-line, declining balance, or double-declining methods.

💼

Depreciation

Enter the asset cost, salvage value, and useful life.

Annual depreciation
$0
Total depreciable: $0
Total depreciable amount
$0
Annual depreciation
$0
Monthly depreciation
$0
Book value after 5 years
$0
Depreciation rate
0%
End book value
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Asset cost ($)$50,000
Salvage value ($)$5,000
Useful life (years)10
MethodStraight-line
ResultValue
Annual depreciation$4,500
Total depreciable amount$45,000
Monthly depreciation$375
Book value after 5 years$27,500
Depreciation rate10.0%
End book value$5,000

Values shown are produced by this page in your browser; change any input to update them.

How to use the Depreciation

  1. Asset cost ($) — default $50,000
  2. Salvage value ($) — default $5,000
  3. Useful life (years) — default 10
  4. Method — default Straight-line
  5. Press Calculate to update the results instantly.

Frequently asked questions

Straight-line for simplicity and even cost. Double-declining for assets that lose value fast, such as vehicles and computers.
(Cost − salvage value) ÷ useful life. A $30,000 machine with $3,000 salvage over 7 years is $3,857 a year.
No. It is a non-cash expense, but it reduces taxable profit, so it lowers the tax you pay.

Sources & references