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Depreciation calculator

Yearly depreciation of an asset by straight-line or declining balance, with a schedule.

  • Free
  • No sign-up
  • Works on any device

About Depreciation calculator

Calculates the yearly depreciation of an asset using straight-line, where cost minus salvage is divided by useful life, or declining balance, which writes off more in early years. Produces a full schedule with book value each year, useful for accounting and tax planning.

How to use Depreciation calculator

  1. Enter the asset cost, salvage value and useful life.
  2. Choose straight-line or declining balance.
  3. Read the yearly depreciation and the schedule.

Why use this tool?

Also known as

Frequently asked questions

What is salvage value?

The estimated worth of an asset at the end of its useful life. Depreciation is spread over cost minus salvage value, so the asset never drops below it.

How does straight-line differ from declining balance?

Straight-line spreads the same amount over every year. Declining balance takes a larger amount early and less later, as a fixed rate is applied to the remaining value.

Do tax rules use the same method?

Tax depreciation often follows its own rules and rates. Use this for planning and check with an accountant for official filings.

Is Depreciation calculator free?

Yes. Depreciation calculator on Toolipedia is free to use, with no sign-up and no watermark.

Is it safe to use?

Yes. Everything is worked out in your browser, and nothing you enter is sent to our server.

Does it work on my phone?

Yes. It works in any modern browser on Android and iPhone, as well as on tablets and computers. There's nothing to install.

Do I need an account?

No. Just open the page and use the tool. There's no sign-up and no email needed.

Can I put Depreciation calculator on my own website?

Yes. Use the Embed on your site button under the tool to copy a short piece of code and paste it into your page. It is free, needs no account, and the tool keeps working inside your page.

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